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Renters Hope to Become Homeowners in the Near Future

March 25, 2013

Here’s another sign that optimism in real estate may be turning into real consumer activity…

From Loan Officer Lou King

From Loan Officer Lou King

A recent survey by the PulteGroup discovered that 60% of renters see themselves buying a home within the next two years!

And if their parents are Baby Boomers, they may even get a hand with the down payment!  A second study by Meredith Research Solutions for Better Homes and Gardens Real Estate learned that almost 2/3 of Baby Boomers want to help their kids out financially with the downpayment.

Why would they help fund such a large purchase? When asked, 75% said they believe homeownership is a good financial investment, and 58% believe it’s an essential part of the American Dream!

View additional housing trends in our latest infographic, which displays these facts and figures in a highly visual, easy-to-follow graphic. The infographic also includes a look ahead at what types of homes may be popular in the near future, thanks, in part, to the aging of these generous Baby Boomer parents!

Renters hope to own home infographic

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