Where Are Future Homebuyers Hiding? In Single-Family Rental Properties

The latest research, conducted in June, shows fifty-five percent of renters, both of single-family and multifamily properties, plan to continue to rent in the next three years. Single-family renters are significantly more likely to say they expect to buy than multifamily renters (53 percent vs 36 percent) when asked about their plans in the next three years.
In addition, satisfaction with one’s rental experience may be a factor when deciding to buy a home. According to the June survey, renters who are most satisfied with their rental experience are more likely to continue renting (68 percent) than to purchase a home (32 percent). Sixty-seven percent of apartment renters report being satisfied compared to 60 percent of single-family property renters.