Colorado Home to Largest Population of Multigenerational Homebuyers

The popularity of multigeneration living is in flux throughout the nation, according to two recent reports. Colorado, along with Arizona and Nevada, had the largest increase in multigenerational households, which is defined by three or more generations who live in the same home. From 2014 to 2019, that increase went up 12.34 percent across the three states, according to a study from LendingTree. The NAR’s Home Buyer and Seller Generational Trends report showed that since the pandemic there has been an uptick in demand for those in the Generation X age group. The most common reason to combine households was to take care of aging parents and save on the cost of living.

https://magazine.realtor/daily-news/2022/03/09/will-multigenerational-living-lose-traction