Renters Under 50 Want To Buy A Home

Renters Under 50 Want To Buy A Home

Renters Under 50 Want to Buy a Home! | MyKCM


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.

Renters Under 50 Want to Buy a Home! | MyKCM

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.

Renters Under 50 Want to Buy a Home! | MyKCM

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.



Image title



Jasmine Broderick Headshot
Author:
Phone: 602-300-2774
Dated: May 16th 2018
Views: 77
About Jasmine: My clients appreciate that I am honest and trustworthy. I promise to always be straightforward with ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

5 Proven Ways to Improve Your Homes Value - 5 Proven Ways to Improve Your
Coming Soon Not On The Market Estates At Ritz Carlton - Coming Soon! Release Date In!
Rising Interest Rates Have Not Dampened Demand - Since the beginning of the year,
House-Buying Power at Near-Historic Levels - We keep hearing that home

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ
480-405-0946
0