AgentIndustry News

One in five renters wants to buy a home in next year

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Nearly one in five renters plans to buy a home in the next year, and 40 percent don't plan on being renters two years from now, according to a survey commissioned by the National Apartment Association. Some 17 percent of renters said they planned to buy a home within the next year, and 25 percent said they planned to look for a new rental. Only 50 percent said they planned to continue to rent their current residence for longer than a year, and another 13 percent were not sure what they would do. In a press release, the National Apartment Association said the survey demonstrates that renters are generally staying put. The association also provided Inman News with a more detailed report of the survey results by Harris Interactive, the group that conducted the research. The survey of 2,041 adults included 1,258 homeowners, 563 renters and 220 "others," such as adults living with their parents. Among those surveyed, 64 percent owned a home, townhome, condominium or...