The Co-buying Trend Is On The Rise

January 01, 2018

Usually when people consider buying a home, they’re typically thinking about making the purchase on by themselves or with their spouse or significant other. But there’s a new home buying trend that’s trending, particularly with young, aspiring homeowners: co-buying.

So, what is even co-buying? Instead of buying a home on their own or with their partners, but more are chipping in and buying property with their friends. How many more?

Recently a article from realtor.com explored the trend of co-buying, which is quickly gaining popularity with millennials who want to buy their first home without the help of their families. According to the article, 4 percent of first-time home buyers from July 2018 to June 2019 were actually co-buyers—double the percentage of the previous year.

The Takeaway:

So, what does this mean for you? Since co-buying is not the most traditional path to homeownership, it’s something you may never have considered. Knowing that it not only is something others do, but is also on the rise,

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