Homeowners confident in market, renters balk at future prospects

If it's a good time to sell, why aren't more homes available?
  • Homeowner confidence in the housing market is increasing while renter confidence in buying and affordability goes down, Zillow says.
  • The widest gap between owner/renter confidence is in San Francisco, where 71 percent of owners think it's a good time to sell and just 13 percent of renters think it's a good time to buy.
  • Chicago has the smallest gap in differing feelings among owners and renters about the housing market.

It’s a good time to own a home. Values are up, people want to buy, and homes are selling quickly. It’s the renters, though, that are struggling with confidence as they look to the future.