Much more than four out of five present-day renters (eighty four%) believe renting is more economical than proudly owning, according to Freddie Mac – but forty two% of all those renters are value-burdened, spending more than a person-third of their month to month domestic cash flow on housing.
WASHINGTON – A new Freddie Mac study finds that affordability drives most homebuying and rental choices.
The study, “Profile of Today’s Renter and Proprietor,” finds that the broad the greater part of renters and proprietors believe their present-day residing problem is their most economical option, but affordability issues remain pervasive.
“The housing current market is strong and, based mostly on our study, the reduced house loan level atmosphere could encourage equally renters and proprietors to make an educated shift this spring,” claims David Brickman, CEO of Freddie Mac. “While child boomers are inclined to be pleased with their present-day housing problem, more