Real Estate Investing: Soaring Demand for Rentals
Rental demand is soaring among renters who feel it’s more affordable to rent than to own. Freddie Mac says that attitudes about homeownership are changing due to the high cost of housing, and that 82% of those surveyed feel that renting is less expensive.
Some 4,000 households contributed to the Freddie Mac survey called “Profile of Today’s Renter and Owner.” One of the key findings it that a majority of renters don’t ever see themselves as homeowners. Just 24% expressed confidence in being able to buy a home some day.