Among renters who one day hope to own a home, a poll finds a dramatic increase in the number who now say that they intend to buy in the near future. Offering more evidence of a swing toward homeownership as the housing market continues to recover, the survey by PulteGroup reports that about 6 in 10 of those renters plan on buying a home in the next two years. That's a 60 percent increase among those potential homebuyers in the past year.  

The top reasons renters polled in the survey cited for wanting to buy in the near future were:

• They like being able to call themselves homeowners (49 percent).

• They view it as a good financial investment (44 percent).

• They need more space for their family/children (36 percent).

 

The PulteGroup survey also found that, compared to two years ago, twice as many homeowners now expect to have adult children or aging parents living with them. Thirty-one percent of respondents to the 2012 survey said that they anticipate at least one adult child moving back home in the future, while 32 percent expect to take in an aging parent. 

  

    

 

Sheila Newton, CDPE                         

Sheila Newton Team          

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3 Comments on Increase In Number Of renters That Intend To Buy A Home In The Near Future

MAR
17
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

"PulteGroup reports that about 6 in 10 of those renters plan on buying a home in the next two years. That's a 60 percent increase among those potential homebuyers in the past year. "  This is amazing.. I think there is a niche market with these type of buyers.  Just a year ago, I was reading articles that seemed to indicate renting was in and home ownership was a thing of the past.
8:42pm • #1
477,835 Points 35 Featured Posts Called Shot Master

The reasons you listed are all great reasons for renters to become homeowners. There are a lot more reasons, like the tax deduction. NOW has never been a better time to buy. Interest rates are still low and the market is still working to recover, so prices are still low in most areas.
8:43pm • #2
MAR
21
274,932 Points 5 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Great survey with fabulous news.  Due to the low interest rates and the low prices, it is less expensive to buy than to rent or lease here.  According to the Zillow mortgage calculator, for a $200,000 home and 3.5% down, the payments would only be $1292.  An apartment rental or condo is more than that, and you don't have the tax benefit of owning!
3:36am • #3

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