Colorado buyers favor bigger, multi-generational homes during COVID-19 pandemic

The coronavirus pandemic pushed buyers toward larger and more expensive homes in the suburbs, as they try to accommodate more people under one roof, according to the 2020 Profile of Home Buyers and Sellers, an annual report released Wednesday by the National Association of Realtors.

“Buyers sought housing with more rooms, more square footage and more yard space, as they may have desired a home office or home gym,” said Jessica Lautz, vice president of demographics and behavioral insights at NAR, in comments accompanying the report.

Larger homes can better accommodate adult children, as well as elderly parents, moving in, she said. Before the pandemic, multigenerational home purchases represented about 11% of sales, but that went up to 15% in the months since March.

“Multi-generational homes are absolutely a local trend in Denver, but it’s much harder to find these homes because they are often far outside the average price

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The increasing popularity in multi-generational homes

“We’re fully ambulatory and independent and still working, so we don’t need to be living with our daughter, we’re just a close family,” says Cheryl, who is 61. “When we lived close to each other in Connecticut, Rachel wanted us to move in with them, but it wasn’t until Bryan was in the hospital for a week that I realized I didn’t want to deal with snow and home maintenance on my own. We sold our house and they added an in-law suite to theirs.”

The two couples have lived together since 2016 and are now in their third multigenerational home, a Next Gen home built by Lennar at their ChampionsGate community near Orlando. The Next Gen homes in that community are priced from $426,490.

“Our house has nearly 4,000 square feet with six bedrooms and 4 1 / 2 bathrooms and my parents’ side of the home has 700

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Pandemic Caused Buyers to Seek Multi-Generational Homes, Sellers to Sell Faster

WASHINGTON, Nov. 11, 2020 /PRNewswire/ — The coronavirus pandemic initiated several shifts in America’s housing market over the past eight months. Changes in the behaviors of home buyers and sellers were especially notable as buyers’ usual tendencies altered, and the urgency to sell accelerated.

This is according to new data from the National Association of Realtors®‘ 2020 Profile of Home Buyers and Sellers,1 a yearly report which discusses demographics, preferences and experiences of buyers and sellers across America.

Those who completed their transaction after March were more likely to purchase a multi-generational home. Multigenerational home purchases accounted for 15% of sales after March, compared to 11% for those who closed before April. In light of stay-at-home orders, instituted within the early weeks of the pandemic, 14% of buyers who bought after

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Equity Assets Real Estate Announces Fresno CA Multi-Generational Home for Sale – Press Release

Fresno CA: A multi-generational home has hit the Fresno CA market. The property features 2,772 square feet of living space and has a detached mother-in-law unit.

The Fresno CA home is located in Sunnyside Country Club Estates 3 Subdivision. It has 4 bedrooms, 2 bathrooms, and sits on 1 acre of land.

The home comes with all the amenities ideal for comfortable living. These include a golf course, swimming pool, tennis courts, and exercise facilities. This Fresno CA home is also surrounded by three National Parks.

The Fresno home comes with a spacious interior that is great for entertaining guests. The formal dining room is past the living room and is a perfect spot to eat and spend time with family and friends. The formal dining area is well suited for entertaining crowds both large and small.

The family room of this Fresno CA property is the perfect place to

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