It used to be that kids grow up, find a job, leave the nest, get married and then buy their first home.
But it hasn’t been so cut and dry with the boomerang generation.
Boomerang kids inspired 35% of all multigenerational home purchases in 2018. Among Gen X buyers, who are most likely to buy a multigen home, that jumps to 52%, according to NAR.
But who is the boomerang generation? Why are they still living with their parents? And what impact do they have on the housing market and your business?