For Multifamily Executive, Hamilton Zanze CEO Kurt Houtkooper details the reasons for optimism about the multifamily market and his company’s plans for 2024.Read
Most U.S. Renters Do Not Prioritize Saving for Future Home Down Payments
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.
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