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.