REALTOR® Magazine-Daily News-Survey: A Quarter of Renters Want to Remain So

REALTOR® Magazine-Daily News-Survey: A Quarter of Renters Want to Remain So: "Daily Real Estate News August 25, 2010 Share
Survey: A Quarter of Renters Want to Remain So
More than 25 percent of today's renters do not intend to ever become home owners, based on the results of a survey conducted on behalf of San Francisco-based Trulia.

Of those who do plan to buy, the real estate information search engine found, two-thirds expect to wait more than two years to do so — a trend that could choke recovery of the nation's housing market.

'Renters converting into buyers are crucial to turning around the housing slump,' says Trulia CEO Pete Flint. Asked by Trulia to identify factors that could persuade them to purchase a home in the next year, poll respondents cited the ability to save for a down payment, finding a new job, and the availability of favorable borrowing costs.

The research was carried out by Harris Interactive, which queried 2,055 U.S. adults, including 1,345 home owners.

Source: South Florida Business Journal (08/18/10)

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