A new survey by the National Association of Realtors® – Housing Opportunities and Market Experience (HOME) – reveals that 83 percent of renters aged 34 or younger say they want to own a home in the future. In addition, 77 percent responded that home ownership is part of “their American Dream.”
So why don’t they currently own a home? 53 percent said they simply couldn’t afford it while 19 percent still need the flexibility of renting.
And what will be the final reason for buying? 33 percent said getting married, starting a family or retiring while 26 percent cited an improvement in their overall financial situation as prime reasons.