Renting? It’s A Good Time to Buy
Renters Plan to Buy Homes
According to a survey conducted by Harris Interactive for the National Apartment Association, one in five renters plan to buy a home in the next year, and most said they expected to make the move to homeownership within five years. Cumulatively, 41 percent of renters said they no longer expect to be renting after two years, 56 percent would no longer be renting after three years, 60 percent after four years and 69 percent within five years.
Additionally, more than half of those polled – including renters, homeowners and adults living with their parents – expect housing markets to improve in the next six months.
A growth in market confidence and renters planning to buy homes may indicate that an increase in home sales is not far behind.
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