BiggerPockets

MultiFamilies

Thursday, December 16

I am finding more homebuyers is looking for multifamily units for their family. Is that the new wave of real estate? Is it more affordable? or is people taking preventative measures for the future, with the economy being bad. People's also building new construction multifamily units, they are staying in one unit and renting another unit, or moving their parents in one unit. Multifamilies are also selling quicker than a single family. The market is flooded with Singles and their are few multifamilies on the market.

Comments

1. 

   Account Closed Reply
   over 1 year ago

   Is this a blog post or a question?

2. 

   Shawn Parsh Reply
   over 1 year ago

   Pauline, I believe the trend you are seeing is just the beginning of what is to come. If the U.S. dollar continues to lose ground, inflation hits double digits, interest rates hit double digits, and unemployment hits double digits more and more families will pool assets. It wasn't too long ago that many families lived together (waltons). I think families getting closer is going to be one of the benefits of the economic mess we find ourselves.

3. 

   Charles Perkins Reply
   over 1 year ago

   I happen to believe you are seeming a temporary trend. I sincerely doubt that many US families could get along long enough to make it a real trend. I also think it is regional in nature. I'm not see a strong move to multifamily in the Seattle area.

   I think there are other reasons at play here.

4. 

   Charles Perkins Reply
   over 1 year ago

   As a question this might make a better forum post. I agree with Marcus. You will also probably have a larger number that will see it.

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