Why aren’t renters interested in homeownership?

By: Tax Advisors | Oct 18, 2018

The majority of Americans now consider renting more affordable than buying a home — a belief that could foreshadow a decline in home sales. 78% of those surveyed by Freddie Mac say renting is more affordable than home ownership, up 11% from just six months ago. And a further 58% of renters say they don’t currently have plans to buy a home. Rental prices have steadied in recent months as supply hits a three-decade high, while home prices have been rising faster than income.

Why aren’t renters interested in homeownership?

Tags: Tax Tips, Tax, Income Tax, San Diego, California, Relnting, Homeowners

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