Optimism of Young Renters

More and more young renters are looking into buying their first home. If they are ready to buy a home now, or are still saving for their perfect home, young renters are much more optimistic about homeownership. More than 89 percent of young renters say that they are planning on buying a home in the future, and see many benefits of owning a home, including:

  • 81 percent of young renters believe that owning a home allows you to live in a nicer home.
  • 80 percent of young renters believe that owning a home is a good way to accumulate wealth.
  • 76 percent of young renters believe that owning a home is a good investment over the long run.
  • 75 percent of young renters believe that owning a home helps to be engaged in the community.
  • 66 percent of young renters believe that owning a home allows you to be better off overall financially.
  • 62 percent of young renters believe that owning a home gives you a better sense of security and privacy.
  • 51 percent of young renters believe that owning a home would be the best decision in the current economic climate.

For all of your home lending needs in the Irvine, California area, contact Avis Lending.

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