Rent Or Buy

Rent Or Buy

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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! | Keeping Current Matters

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! | Keeping Current Matters

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.

If you know anyone looking to buy or sell in 2018, I'd love the opportunity to sit down and make a plan to hit your 2018 real estate goals.

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Call/Text: 623-910-7249

Email: jackiehenry@jackiehenry.us

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#wetreatyoubetterthangold#homesforsaleinaz#helpmesellmyhome#helpmebuyahome#realestate#soldbyjackiehenry#sold #property#jackiesellshomes, #jackiehenryAZRealtor#whoyouworkwithmatters

from Keeping current matters


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Phone: 623-910-7249
Dated: May 16th 2018
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