October 6, 2016
THE RENTER’S DILEMMA – How to transition to homeownership
For many renters, the prospect of purchasing a home might seem daunting, if not altogether impossible.
- 46% of consumers rent because they cannot afford to buy
- 62% of renters have debt that would make purchasing a home difficult, including:
- 31% Credit cards
- 18% Student loans
- 14% Auto Loans
Still, renters rate homeownership 6.8 OUT OF 10 in terms of importance
In 2015 more than $50,000 in down payment assistance funding helped prospective homeowners in California.
- 74% are direct down payment assistance programs
- 27% have no first-time buyer requirement
InfoGraphic Posted by California Association of REALTORS® June 13, 2016
Jeff Green has helped many renters to transition to homeownership. Contact Jeff to get started.