Tuesday, April 2, 2013

Interest in Buying Increases Among Young Renters

Interest in Buying Increases Among Young Renters

Survey: Nearly two-thirds of millennials expressed an increased interest in buying, and it’s not because they are tired of apartment living, according to a survey from Pulte Group, Inc., a national homebuilder.
The PulteGroup Home Index Survey (PGHI) showed 65 percent of renters between ages 18 to 34 with an annual income of at least $50,000 said their intention to buy has increased significantly or somewhat over the past year.
The majority of millennials, or 52 percent, are interested in buying because they view a home as an investment and have a desire to own and build equity. Only 12 percent stated they are tired of apartment living. Read more ....

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