The American Dream is still alive for young renters in California – new survey reveals results.

LOS ANGELES (Nov. 21) – Despite the financial toll the recent financial crisis has had on Americans, renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Renter Survey.” Nearly three-quarters of renters rated home ownership as “important,” and more than half of renters (52 percent) said they plan to buy a home in the future, as nearly all see the advantages of owning versus renting.

“It’s encouraging that the majority of renters still believe buying a home is a good investment, even after the adverse effects of the Great Recession,” said C.A.R. President Kevin Brown.  “Renters clearly see the benefits of owning a home, citing building equity, freedom to do what they want with their home, pride of ownership, stability, and tax deductions as the top advantages of home ownership.”

This is the first time C.A.R. has conducted its Renters Survey.  The survey was conducted by telephone to 800 home renters statewide from April 26-May 25, 2013. The survey was also conducted online to 875 home renters statewide in August 2013.

For more information, contact REGINA SINGH at 714-883-5205 or Regina@ReginaSingh.com

Advertisements