Most U.S. Renters Do Not Prioritize Saving for Future Home Down Payments

hamilton-zanze November 20, 2015

Findings from a recent Freddie Mac survey indicate a majority of renters put saving for a down payment on a future home behind saving for emergency expenses, retirement, and children’s education. While a majority of renters who currently reside in single-family properties intend to become homeowners in the near future, the same cannot be said for apartment renters. Apartment renters (70% of total renters) tend to to be much more satisfied with their rental experience and are likely to continue renting for the next three years. Overall, 57% of renters in single-family properties plan to purchase a home in the next three years compared to only 28% of apartment renters.