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Multigenerational | Solari Group Real Estate News Blog

Wednesday, June 5, 2019   /   by Nicole Solari

Multigenerational Homes Are On The Rise

Multigenerational Homes Are On The Rise





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As loved ones start to get older, we start to wonder: how long will they be able to live alone?  Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old!  As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family.
The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together.
Of those buyers, 26% indicated they will be taking care of an aging parent, and 14% said they want to spend time with an aging parent. These numbers do not come as a surprise. According to Pew Research Center, 64 million Americans (20% of the population) lived in a multigener ...

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  real estate, home ownership, homebuyers, buying, first time home buyer, moving, napa valley, solano county, family homes, multigenerational