Renters Under 50 Want To Buy A Home

Dated: 05/16/2018

Views: 39

Image title

Renters Under 50 Want to Buy a Home!

   First Time Home Buyers, For Buyers, Housing Market Updates,Millennials, Rent vs. Buy

Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.

One of the many questions asked in the housing section of the survey was:

Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence?

Over three-quarters of respondents under the age of 50 said that they would prefer to own their home, rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below.

Image title

When renters were asked what the average probability of owning a primary residence at some point in their future was, 66.4% of those under 50 believed that they would eventually own their home, while only 23% of those over 50 did.

Image title

Bottom Line

Many had wondered if young Americans had lost their desire to own a home, but for those renting now, that dream is still alive.


Free List of Homes for sale in Alamo Ranch! Text “alamoranch” To 210-361-5728

Blog author image

Charles Juarez

With my expertise in realty for both buying or selling a home in San Antonio, and surrounding areas. You have found the right resource for your real estate needs. Whether you are looking for a new hom....

Latest Blog Posts

You Do Not Need 20 Down

You Don't Need 20% DownJuly 13th, 2018Saving for a down payment is often the biggest hurdle for homebuyers, but it doesn't have to be! Almost half of all homebuyers are unfamiliar with alternative

Read More

Want To Sell Your House Faster Dont Forget To Stage

Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC] Friday July 13th, 2018  For Sellers, Infographics, Move-Up BuyersSome Highlights:The National

Read More

HouseBuying Power At NearHistoric Levels

House-Buying Power at Near-Historic Levels Thursday July 12th, 2018  Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers,PricingWe keep hearing that home

Read More

Top 4 Renovations

Top 4 RenovationsJuly 6th, 2018Whether you're selling your home, purchasing your first home, or you're a homeowner who's planning to stay put for a while, there is value in knowing which home

Read More