Wednesday, August 26, 2015

Single-Family Property Renters May Be More Likely to Buy a Home Than Those in Apartments

New research conducted by Freddie Mac released Tuesday indicates that people living in single-family rental (SFR) properties (a house, townhouse, or condo) may be more likely to buy a home than those living in apartments.

Freddie Mac's latest survey, conducted in June, found that overall, about 55 percent of renters in both single- and multifamily properties intend to continue renting in the next three years. When dividing up the two categories, however, the data indicated that 53 percent of renters in SFR properties intend to buy a house in the next three years compared to just 36 percent of multifamily renters who plan to buy in that period.

Read more... http://dsnews.com/news/08-25-2015/sfr-property-renters-may-be-more-likely-to-buy-a-home-than-those-in-apartments

Reuters: Financial Services and Real Estate

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