IE Business Daily Business news for the Inland Empire.
A majority of California renters aspire to home ownership, according to a report recently released.
Half of the state’s renters rank homeownership “very important” or “extremely important,” and four out of five said they want to own a home, according to the California Association of Realtors’ 2018 State of the California Consumer Survey.
Twenty-one percent of those surveyed said homeownership would provide them with a long-term investment, while 19 percent said it would allow them to do what they want with the place where they live.
“It’s encouraging that the majority of renters still believe buying a home is more than just a shelter over their heads,” association president Jared Martin said in the statement. “While they may not be there yet, many renters are motivated to become homeowners as they recognize the many benefits [of home ownership].”
