Regional housing market reports and Census Bureau data

Young Couples Reverse Traditional Order, Buy Homes Before Marriage, Up 46% in a Decade

Nov 24, 2024, 03:12 PM

An increasing number of young couples are reversing the traditional order of marriage and homeownership. Instead of getting married first, many are choosing to buy homes together before tying the knot. This shift is driven by the high cost of living and the desire for financial stability. According to a Wall Street Journal analysis of Census Bureau data, in 2023, about 555,000 unmarried couples purchased homes, a 46% increase from a decade earlier. Additionally, some couples are opting to live together even after separating due to financial constraints. The trend reflects a significant change in societal norms and economic strategies among young adults. The literal meaning of the word mortgage, 'death pledge,' underscores the long-term commitment couples are making.