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One of the most striking revelations from the report is the rise in multi-generational living. A staggering 177% of buyers indicated that they were purchasing homes for inter-generational living arrangements. This paradigm shift highlights changing family dynamics, where parents and grandparents are increasingly involved in decision-making around housing purchases.
Typical Home Characteristics
What types of homes are being bought? Approximately 85% of homes purchased were previously owned, with most buyers opting for homes built around 1994. This reflects a preference for modern features found in these homes, such as open floor plans that cater to social living.