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Young Renters Would Prefer To Own, But Fear They Will Not Qualify

Young Renters Would Prefer To Own, But Fear They Will Not Qualify

| May 07, 2014 | Housing Market

Renter households have been on the rise and home-ownership has fallen among young people since the housing crisis. A new study from Fannie Mae’s National Housing Survey states that younger renters would rather own a home than rent for both financial and personal lifestyle reasons. The reason many younger people are renting is not by choice, according to the data. Potential first-time home-buyers have to deal with extremely high credit standards that in many cases can not be met. More here

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