CHERRY HILL, N.J. – Oct. 21, 2015 – Many renters are considering a shift to homeownership soon as rents continue to rise.
According to a survey released by TD Bank, 50 percent of consumers currently renting are likely to purchase a home within the next two years – and many have already taken steps toward homeownership, such as saving for a downpayment.
The TD Bank Renter Survey polled more than 1,000 Americans currently renting apartments or homes, asking how they feel about homeownership, what concerns might be keeping them out of the housing market and what factors motivate them to consider home purchases.
The findings reveal that higher rents are directly connected to consideration of homeownership.
The renting landscape
- According to the survey, the breaking point where renters say they would contemplate buying Read More