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