Stacey Egan was nine months pregnant with her third child when she called off her family's search for a home in Rye, N.Y., a New York City suburb where the median-priced home now sells for over $1.3 million. The Egans had outgrown the two-bedroom condo they had purchased in Rye in 2000. But they were tired of watching $850,000 fixer-uppers get snapped up before they even had a chance to bid. "Anytime an affordable house would come on the market, it would sell in a day," she says.
So about a year ago, Egan and her husband, Michael, a compliance officer for a Wall Street firm, did what a growing number of families are doing: They moved back in with (her) mom and dad, whose five-bedroom empty nest in Rye has plenty of room for a growing family.
