The Real Deal Miami

Study: a quarter of renters will never buy

August 18, 2010 04:30PM

More than a quarter of people who rent their homes do not ever plan to
buy a home, according to a survey by Trulia. The San-Francisco-based
firm found that 27 percent of renters have no plans to purchase their
homes at any point, and of those who do plan to buy, two-thirds will
wait more than two years. Trulia said the delays in purchasing could
slow the housing market’s recovery. “Renters converting into buyers are
crucial to turning around the housing slump,” said Trulia CEO Pete
Flint. [SFBJ]