In the most recent Profile of Home Buyers and Sellers from the National Association of REALTORS (NAR), the association reported that multigenerational homebuying is at an all-time high. By definition, these are households with more than one generation of adult occupants, such as adult siblings, adult children, and parents and/or grandparents. 

Just 17% percent of homes purchased in 2024 were multigenerational homes, but this number is the highest it has been in decades and comes following a steady annual increase since 2021. Among all age ranges, Gen X buyers (ages 45-59) represented the highest percentage of multigenerational buyers at 21%, followed by younger boomers (ages 60-69) at 15%, and older millennials (ages 35-44) at 12%. Below, we’ll dive deeper into why this trend is on the rise and the importance of title insurance if you are thinking about buying a home for your multigenerational family. 

Why are people choosing multigenerational housing? 

It’s important to note that there’s no one-size-fits-all reason for living in a multigenerational home. While the economic structures of families surveyed in the NAR report were incredibly diverse, some trends still came to the forefront. Here were a few of the top reasons among all buyers surveyed. 

1. Financial considerations and cost savings. 
Whether they’re sharing the home with adult children or caring for older adults, multigenerational living can offer some relief from high living costs. According to the report, “cost savings” remain the leading motivation for buyers, with 36% citing it as their primary reason for purchasing — a significant rise from just 15% in 2015. Additionally, 13% of homebuyers reported that multigenerational living enabled them to purchase a larger home. By combining multiple incomes, many multigenerational families can afford more spacious or higher-priced properties than they could individually.

2. Adult children living at home. 
After cost savings, a common reason for multigenerational living is adult children moving in — or never moving out. While 21% of respondents said adult children or relatives over 18 had returned home, 20% said they had never left. Faced with rising living costs, student loan debt, and a challenging job market, many young adults struggle to gain financial independence. Living with parents, grandparents, or other adult relatives can provide much-needed financial relief along with the benefit of a supportive family environment.

3. Sharing long-term caregiving needs. 
The second most common reason for multigenerational living was health and caregiving needs for aging parents, cited by 25% of homebuyers. An additional 18% said they wanted to spend more time with their aging parents. For many adults, purchasing a multigenerational home offers a practical solution to the increasing need for elder care among a growing population of senior Americans. 

Title insurance protects all members of a multigenerational home

When multiple generations or family members are involved in purchasing a property, ownership can quickly become complicated. It’s important for every member of the home to understand who holds legal title, how ownership is divided, and what happens if one party wants to sell their share in the future.

Title insurance protects all buyers by ensuring that the property’s title is clear of issues like liens, unpaid taxes, legal disputes, or errors in public records — any of which could jeopardize the family’s investment. It also provides legal defense and coverage for financial loss if a title issue does arise after closing.

For multigenerational buyers, this peace of mind is essential. With so much at stake — shared financial contributions, long-term care considerations, and future estate planning. Having clean, insured title ownership helps avoid legal headaches down the road.

If you plan on purchasing a multigenerational home, title insurance is a small cost for protection that lasts as long as you own the property. So many Americans are turning to multigenerational living to provide some relief, not create more problems. With title insurance, your multigenerational household can focus on what matters most: living together, not litigating issues down the road. If you are a real estate agent working with multigenerational clients or have questions about buying, selling, or performing a title search on your own multigenerational home, Landtrust Title can help — we’re your Partner for Results.