Multi-generational Homes Are Coming Back

You may have heard of "boomerang" kids, adult children who move back in with their parents after college. According to a Pew Research report, 57 million Americans (18.1% of the population) lived in multi-generational homes in 2012. That's a big increase from the 28 million Americans (12.1% of the population) who lived in multi-generational homes in 1980. However, looking further back this trend toward multi-generational living is actually a trend back to multi-generational living: in 1940, 24.7% of the American population lived in multi-generational homes.

Multi-generational homes don't just help young people facing a recession - they also help retirees spend less of their retirement savings and create homes where young parents may have built-in babysitters or aging relatives have assistance available.

Read more about this trend here The Sensible Resurgence of the Multigenerational Home. Would you share a home with your parents or your adult children? Or, depending on your age, maybe both?

Homeownership for Millennials at Historic Low

Homeownership for Millennials (people aged 35 and younger) is at its lowest level in more than twenty years. This may not be good news, but it is realistic news. And no surprise for those in this age range. Read this article for some possible reasons, and hopeful signs that the trend is changing.

http://www.usnews.com/news/articles/2014/04/30/homeownership-for-millennials-declines-to-historic-lows