Co-buying with friends, roommates inching up

Photo by Chewy on Unsplash

REALTOR Magazine

To handle the rising costs of ownership, some Americans are buying a home with a friend or roommate. The percentages are still low, but the National Association of REALTORS® does report an increase.

In the second quarter of this year, the share of homes purchased by roommates rose to 3% of all buyers, up from 2% a year earlier. The trend has been increasing since the pandemic.

Home prices have risen by double-digit percentages over the past year. Buying and saving power can increase when you partner up to buy.

Read more: Co-Buying With Friends, Roommates Inching Up