As the real estate market continues to favor sellers and affordable housing remains scarce, many potential homebuyers are exploring alternative paths to homeownership. Recent reports indicate a rising interest in co-ownership arrangements, where individuals purchase properties with family, friends, or unmarried partners.
The National Association of Realtors reported a median home price of $382,600 at the end of 2023, while the real median household income in 2022 stood at $74,580. This disparity has led to a shift in how people approach buying homes, with co-ownership emerging as a viable solution.
