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| Sponsored by Quicken Loans |
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| Renters Warm to Homeownership, Despite Affordability Concerns |
| By Suzanne De Vita |
Renters are staunchly in favor of homeownership, and, though they have concerns about their ability to afford a home, more now believe it is easier to qualify for a mortgage. According to the latest SCE Housing Survey, part of the Survey of Consumer Expectations (SCE) by the Federal Reserve Bank of New York, 72.3 percent of renters "prefer" or "strongly prefer" to own a home rather than rent one, and 55.9 percent view homeownership as "a good investment"—findings that dismiss a commonly held notion that they have become averse to homeownership as a result of societal shifts. ...
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Now that the weather is beginning to warm up, it's time to start thinking about ways to save on utility bills and energy costs before you're shocked by your first big bill this summer.
