Real Estate Today Downsizing and Multigenerational Homes
Oct 17, 2025
Join experts Dane Ramsden, a senior relocation specialist, Mary Harmon Young, a real estate broker focused on multigenerational homes, and Jessica Lautz, a deputy chief economist at NAR. They dive into the concept of 'right-sizing' for seniors and the emotional challenges of relocating. Discover the rising demand for multigenerational living and essential features for aging in place. Plus, hear about the evolving trends in housing, including the significant influence of baby boomers and the role of single women in the market.
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Right-Sizing And Multigenerational Demand Rise
- Right-sizing currently represents about 30% of Dane's transactions and multigenerational purchases are rising toward 20%.
- Families increasingly combine households, creating new demands on housing design and services.
Prioritize Everyday Accessibility Features
- Evaluate physical access features like steps, thresholds, lever handles, and reachable faucets when choosing an aging-in-place home.
- Prioritize safe entry and everyday mobility over specialty features you can't access easily.
Builder Missed Multi-Gen Storage Needs
- Mary described a local family hunting for a true multigenerational home and hitting poor closet and storage planning in new construction.
- Builders labeled homes 'multi-generational' but omitted essential storage, frustrating buyers and agents.