According to a new analysis by multifamily data firm TransUnion, 55% of mortgage shoppers in the first quarter of 2017 were identified as “nonhomeowners,” a category that consists largely of renters. This represents a significant shift in the mortgage market over time, up from 50% of mortgage shoppers in the first quarter of 2016 and 45% in Q1 2015.
At the same time, a rising number of potential home buyers are millennials, who have traditionally shown a preference for rental units.
Read more...Renter Interest in Homeownership Rises in Q1 2017 | Multifamily Executive Magazine
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