Top Reasons Renters Say They Want to Own

By John Askins   
Posted on Jun 07,2016

A study by mortgage giant Fannie Mae showed that 90 percent of renters aspire to be home owners one day, and the top reason behind that desire is for the sense of gaining greater control over their living arrangements. 

The survey revealed the following top reasons why renters want to own: 

  • “Control over what you do with your living space”: 84% of renters said this was their main desire for owning;
  • “Having a sense of privacy and security”: 80%
  • “Having the best investment plan”: 78%
  • “Having a good place for family or to raise your children”: 78%
  • “Living in a nicer home”: 71%
  • “Building wealth”: 70%
  • “Saving for retirement”: 69%

In the survey, renters identified the following reasons for why they are renting: 

  • “Living within your budget”: 57% 
  • “Having less stress”: 52%
  • “Making the best decision given the current economic climate”: 50%

source:  TheStreet.com

Post Category: Affordable Housing, Home Buying, Relocation & Newcomer

Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Advertisement
Advertisement

Blog Archive

  • Archive
    •     2016
    •     2015
    •     2014
    •     2013
    •     2012
    •     2011
    •     2010
    •     2009
Advertisement



Texas Real Estate

Counties Cities Neighborhoods Zip Codes

facebook