10 Cities To Consider the Popular Trend of ‘Co-Buying' a Home [Yahoo! Finance]
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Source: Yahoo! Finance
According to Axios , non-romantic co-ownership housing rates grew an average of 21.1% in 2023 from the previous year. Compound the housing market with financial burdens like student loans, and it's easy to see why more people are motivated to co-own — in fact, the housing market is the least affordable it's been in 40 years . In October of 2023, the mortgage rate peaked at 8% — the highest it had been in two decades. Check Out: Here's the Salary a Single Person Needs To Live Comfortably in Hawaii Read Next: 6 Unusual Ways To Make Extra Money (That Actually Work) These factors have led to the younger generations engaging in “carpooling for homes,” a life hack from the same mindset that led to the rise of side hustles. If you're a like-minded homebuyer, you may want to consider co-buying in one of these 10 affordable cities, as you'll set yourself up for greater savings by splitting the cost with a co-owner. Forbes recently ranked the 10 most affordable cities for co-buying from
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