The trend for buyers to target multigenerational homes is being accelerated by the pandemic, as families bring older relatives into their households and younger adults move back home. Due to this, families are pooling financial resources to conserve money and accommodate more people in a single home. And housing experts say this trend is likely
Nursing home occupancy falls as families bring aging parents home
December 26, 2020 by
More Americans are taking care of their aging parents at home instead of sending them off to nursing homes, and that’s led to a spike in demand for so-called multigenerational homes. The Wall Street Journal notes that nursing home occupancy in the U.S. has fallen by 15% since the end of 2019. One reason for