The housing market is just absolutely bonkers right now, and it seems to be more difficult than ever for people to afford a new house. However, some young people are finding new ways to purchase their first homes.
More and more millennials have started to pool their money together in order to purchase homes. Now these folks are not in any kind of romantic relationship. They're all just friends.
According to the Wall Street Journal, the number of co-buyers with different last names has soared 771% in the last seven years!
The pandemic has also accelerated the rate unmarried couples are purchasing homes.
According to the National Association of Realtors, 11% of people who bought homes between April and June last year were unmarried couples, and 3% were listed as "other," which tends to mean friends or roommates.
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