"7 Out of 10 Renters..."

July 25, 2011


According to the 2011 National Housing Pulse Survey released on July 6, 2011, the majority of renters (72%) surveyed said owning a home is a top priority for the future. This number is up from the 63% in 2010. Those surveyed also agreed that buying a home is a good financial decision. Two thirds also felt that now is a good time to purchase a home.


A question that seemed not to be part of the survey is "What is holding you back?" For some it may be credit; for others it may be accumulating the down payment. It could also be that the "perfect" house has not yet appeared on the search sites and these renters are not ready to explore the market with a real estate agent.


Hopefully the reason that these renters are not snapping up the available inventory is not that the available inventory is less than their expectations of what they want. First home purchases often require some compromises between what is desired and what can be afforded.


There are really many properties in nice neighborhoods at half what they cost just 5 years ago. It really is a great time to enter the house buying scene.