BrokerageIndustry News

Homebuyers go multigenerational

Survey attributes trend to down economy

More homebuyers are looking for homes to accommodate multiple generations of their family, according to a survey released by Coldwell Banker Real Estate this week. More than a third, 37 percent, of surveyed Coldwell Banker real estate sales agents said they had seen an increase in clients with adult children or a grandparent who would be living with the family, and almost 70 percent expected that share to increase during the next year, the survey said. The biggest proportion of respondents, 39 percent, cited financial concerns as the main driver behind the trend, while 29 percent cited health care issues and 9 percent cited a strong family bond as the motivating factor, the survey said. "While saving money is certainly an incentive for buying a home that accommodates multiple generations, the benefits go beyond just financial reasons," said Diann Patton, a consumer specialist for the company. "With two or three generations living under one roof, families often exp...