The Smart Team of NOVA® Home Loans

Intent to Buy Wanes in Renter Survey

Posted To: MND NewsWire

Renter households appear increasingly willing to stay as such, per Freddie Mac. The company has released results from its latest renter survey, conducted in March showing that 59 percent of renters surveyed said they plan to rent when they next move, a 4-percentage point increase from the last survey, conducted in September 2016. Those living in suburban households showed the largest shift on this question, at 57 percent, up from 48 percent. It will disappoint many that the share of Millennials who plan to continue renting rose from 64 percent to 73 percent, although the intent to purchase rose slightly among the older Millennials. Living in apartment complexes, small or large, appears to be losing appeal. Renters expressing either as their choice for their next move fell a combined 7 points…(read more)

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Source: Mortgage News Daily

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