Friday, June 2, 2023 | The Latest Buzz for the Appraisal Industry

Renters see Selves as Homeowners-in-Waiting

By Jann Swanson

Posted To: MND NewsWire

While the dream of homeownership has been sidelined for many, it appears to have not been derailed. Freddie Mac says the responses of renters to a recent survey it conducted shows that many are struggling financially but they still hope to buy a home. Eventually. Freddie Mac surveyed 2,044 adults in August. The total included 672 and the report issued by the company this week relies primarily on the perceptions of that subgroup about renting in the post financial crisis marketplace. This is the first in what the company says will be a quarterly series of surveys “to learn about renters’ preferences towards the housing choices available to them, the constraints preventing them from obtaining housing that they think would better suit their needs, and the drivers for their decisions.” Except for…(read more)

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