Why friends are teaming up to buy homes

    Why friends are teaming up to buy homes

    Title: The Rise of Friendship Homes: A New Trend in Real Estate In recent years, we have seen an increase in friends teaming up to buy homes together. This trend has been fueled by the rising housing prices that make it difficult for individuals to purchase a home on their own. With home prices increasing 56% since February 2020 according to data from the National Association of Realtors, many people are turning to friends and family members as co-buyers in order to afford a place they can call home. The supply shortage is another factor contributing to this trend. There are simply too few homes available for the number of buyers out there. This has been attributed to several reasons including a lag in home building, rising construction costs and high mortgage rates that discourage current homeowners from moving and giving up their lower rate mortgages. Friends Tammy Kremer and Hayley Currier are just one example of this new trend. They bonded over shared passions for open-water swimming, Jewish rituals, and political organizing before deciding to co-buy a home in the Bay Area. Living together has given them both a sense of community and connection that they value highly. This shift towards friends buying homes together could have significant implications on real estate markets across the country. It may lead to an increase in multi-generational households or shared living arrangements as more people look for affordable housing options. Additionally, it highlights the importance of strong social networks in helping individuals navigate through challenging economic times. From my perspective, this trend underscores the need for innovative solutions when it comes to addressing housing affordability issues. While co-buying homes with friends may be a viable option for some, others might benefit from policies that encourage more affordable housing options or incentivize home building in areas where demand is high. Ultimately, fostering strong communities and supporting individuals within those communities should remain at the forefront of our efforts to tackle these complex issues.

    Source: [Original Article](https://www.npr.org/2025/09/28/nx-s1-5497777/housing-buying-friends-siblings-affordability)

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