MCLEAN, VA--(Marketwired - Dec 8, 2014) - The majority of U.S. renters are struggling financially and plan to remain renters for the next three years, according to recent Freddie Mac (
"It's no secret that for the last several years, consumers have felt more strapped financially, particularly renters," said David Brickman, executive vice president of Freddie Mac Multifamily. "Many renters are not buying homes because of a perceived lack of ability to afford the down payment or mortgage and poor credit history. But there also is a segment of renters who simply do not want the responsibilities of owning a home."
Freddie Mac commissioned Harris Poll to survey more than 2,000 U.S. adults online in August 2014 to get their perceptions about renting in the post financial crisis marketplace. A presentation on the research results is available here.
Highlights
Freddie Mac intends to do this type of research quarterly to learn about renters' preferences towards the housing choices available to them, the constraints preventing them from obtaining housing that they think would better suit their needs, and the drivers for their decisions.
Freddie Mac also is rolling out a new online Rent vs. Buy calculator to help individuals compare the cost of renting or owning a home.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com. Twitter: @FreddieMac
Survey Methodology
This survey was conducted online within the United States by Harris Poll on behalf of Freddie Mac from August 7-11, 2014 among 2,044 adults ages 18 and older, among which 672 were renters. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Freddie Mac.