Nearly 95 percent of young renters want to buy, but many say they can't afford it

Source: Wall St. Journal
A recent survey by the National Association of REALTORS® finds that nearly 95 percent of renters 34 years old or younger want to own a home in the future and overall, 83 percent of renters said they have a desire to own. More than half of renters said they haven’t yet bought a home because they couldn’t afford one, while just 19 percent said they prefer the flexibility of renting. Notably, only half of all households polled—renters and homeowners—said they believe the economy is currently improving, and 44 percent said they believe the country is in a recession, so there is a lack of optimism about the economic conditions that will allow them to pursue homeownership.
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