Young Renters Want to Buy Homes

After learning that 51% of renters are over the age of 40 last week, a new survey from the National Association of REALTORS indicates that 94% of young renters (individuals under the age of 34) want to buy a home in the future.

Despite the overwhelming desire to buy a home, young renters mention two key reasons for continuing to rent over purchasing. Those surveyed identified the need for the flexibility of renting as well as their inability to afford and finance a home as the reasons they continue to rent.

The NC Homeowners Alliance continues to push for common sense legislation to ensure that young renters can become homeowners without having to face unnecessary barriers. Please check out the article below for more information on the survey results!