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Friends Pooling Their Money to Buy a House Together Is More Common Now

Couple holding sold sign for their new house

It’s becoming more and more common for friends to pool their money and buy a house together.  Mainly because it’s one way young people can afford to buy a home these days.

A real estate analytics firm called Attom Data Solutions has been tracking the trend.  They say the number of co-buyers with different last names has soared 771% in the last seven years.  Not all of those people are friends buying homes together, but a lot are.

Unmarried couples are also getting in on it, and the pandemic may have accelerated that.  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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