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Here’s the latest proof that marriage is dying
written by Catey Hill on May 25, 2017
The number of unmarried people buying homes together is on the rise
The key ring is the new wedding ring.
Many of these unmarried co-borrowers are parents co-buying with their children, but there is also a significant contingent of unmarried couples who buy a home together, says Daren Blomquist, senior vice president at ATTOM Data Solutions. “There are fewer married people — and so more couples are buying without being married.”
Many of these unmarried couples buy with their partners because they couldn’t afford to buy the homes on their own, says Blomquist. Indeed, the cities with the highest share of unmarried co-borrowers tend to have pricey real estate markets.
5 cities with the highest percentages of unmarried co-borrowers
1. Miami (40.2%)
2. Seattle (37.4%)
3. San Diego (28.9%)
4. Los Angeles (28.2%)
5. Portland (27.7%).
Buying before marriage doesn’t mean you’ll never get married: A 2013 survey from real estate firm Coldwell Banker found that 17% of all married adults had purchased their home with their current spouse before they were married. People in the South are more likely than those in the Northeast to have been married before they bought their home, the data showed.
But for many unmarried couples, staying un-hitched — even if they own a home together — is how they like it. Nearly four in 10 Americans (39%) say that marriage has become an obsolete institution for Americans. And fully 5% of Americans who have never been married say they never want to get married, Gallup data shows.
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Post time 2018-1-23 15:20:46
