Phoenix Area Real Estate Sees Surge in Multigenerational Living Trend
The Phoenix area real estate market is experiencing a significant trend towards multigenerational living, as highlighted in a recent episode of “On Your Side: The Home Edition.” This trend involves families seeking homes large enough to accommodate aging parents or adult children under the same roof. Real estate agents like Shannon Gillette and Jadé Soto are observing this shift, with buyers actively looking for properties that facilitate this living arrangement. The demand is not limited to specific price points, as the program showcased both luxury hillside estates in Mesa and more affordable $500,000 homes in established neighborhoods like Ahwatukee, all catering to the need for expanded family living spaces. This indicates a broad-based interest across different segments of the housing market in the Phoenix metropolitan area.
