Co-buying homes: Why some friends are buying houses together
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It’s no secret that buying a home is getting more and more expensive.
According to the National Home Price Index, U.S. home prices have increased 47 percent since 2020.
With housing costs at an all-time high, plenty of homebuyers are feeling discouraged during their search for a home.
We’re diving into a trend that’s changing how people are buying houses — co-buying. With rising home prices and evolving ideas of shared ownership, more people are teaming up with friends and family to buy a house.
Guests:
Chris Farrell is MPR’s senior economics contributor.
Steve Anderson is a realtor, broker and the cofounder of Vibe Realty, a real estate agency based in St. Paul.
Paul Olson is a realtor and branch manager for Lakes Area Realty’s St. Paul office. He has been working in Twin Cities real estate for over 12 years.
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