A recent survey from the California Association of Realtors revealed that renters still highly value homeownership, but it is primarily affordability challenges that prevent them from buying a home. While some renters choose to rent because they like the flexibility, freedom, and ease of renting, over half of the renters surveyed cited financial reasons like poor credit to quality for a loan. CAR composed a graphic outlining some of the major takeaways, take a look:
If you’re renting and in need of a creative financial solution to homeownership, sit down and chat with a First Team agent about your options. You may be surprised by what you can afford with just a bit of planning and diligence!
