Whether they’re in a position to buy now or are still saving toward their dream, young renters are optimistic about homeownership. What are the benefits they see in owning versus renting?

Allows you to live in a nicer home: 81%

A good way to accumulate wealth: 80%

A good investment over the long run: 76%

Helps you engage in your community: 75%

Leaves you better off overall financially: 66%

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Gives you a better sense of privacy and security: 62%

Would be the bes decision given the current economic climate: 51%

In 2013, on average, 89% of young renters said they were still planning to buy a home at some point in the future.

 

Source: FannieMae National Housing Survey