A new National Apartment Association survey reports that 69% of renters plan to stay in their rentals over the next year rather than buying a home.”The results of this survey reflect what our membership is experiencing across the country: Renters are not eager to take a chance on homeownership this year,” said Douglas Culkin, association president. “If the economy improves, that trend may abate, but, for now, people are generally staying put.”Harris Interactive conducted the survey of 2,041 adults between May 7 and May 9. Of those polled, 1,258 owned and 563 rented. The remainder had other arrangements, such as living with family. (CLICK HERE for the press release.)Among the key findings:
* 80% percent believe that the current housing market situation will worsen or stay the same over the next six months.
* 69% percent of the renters said they plan to continue renting for up to five more years.
* 50% of the renters plan to continue renting their current residence for the next year
* 46% of non-homeowners (renters and those with other arrangements) have no plans to buy a home within the next year.
* 72% of homeowners plan to remain in their current home over the next year.
.
