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Roughly 4.9 million renters, or 11.4 percent of all renters, plan to buy a home in the next year. In comparison, at the beginning of this year 5.1 million renters, or 12.1 percent of all renters, planned to purchase a home during 2015, according to Zillow’s Housing Confidence Index.
Appraisers’ opinions of home values were 2.65 percent lower than homeowner estimates in August, the largest gap nationally in more than a year. According to Quicken Loans’ national Home Price Perception Index (HPPI), the gap between appraiser and homeowner estimates has also widened for seven straight months.
Buyers in the Midwest or Great Plains areas of the country are destined to be happy homeowners, according to SmartAsset, which recently released a list of “The Best States for Homeowners.” Examining metrics such as property tax rates, property taxes paid, insurance costs, ratio of median home price to median income, average closing costs and more, SmartAsset listed Wyoming, North Dakota and South Dakota as the best states for homeownership.