Renters Really Prefer Owning, Builder Survey Says

Many renters are ready to take the plunge into homeownership, according to a recent poll conducted by homebuilding giant PulteGroup and Russell Research. The escalating cost of leasing, coupled with the growing affordability of buying, may be encouraging more people to look at ownership. Among tenants who plan to purchase a home in the future, Pulte reports that 60 percent have “increased their intent” to do so compared to a year ago. However, more than 50 percent believe they do not have enough money for a down payment; and almost 30 percent believe that owning is more expensive than renting. | Read More