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More and more young renters are thinking about becoming home owners. They are very optimistic about the housing market and the benefits of owning a home instead of renting. On average, 89 percent of young renters say that they are planning on buying a home in the future. Young renters believe that some of the benefits of renting instead of owning:

  • 81 percent believe that buying a home allows you to live in a nicer home.
  • 80 percent believe that buying a home is a good way to accumulate wealth.
  • 76 percent believe that buying a home is a good investment overtime.
  • 75 percent believe that buying a home helps to engage with the community.
  • 66 percent believe that buying a home leads them to be better off overall financially.
  • 62 percent believe that buying a home gives you a better sense of security and privacy.
  • 51 percent believe that buying a home would be the best decision right now based on the current economic climate.

For all of your home buying needs in the Irvine, California area, contact The Barr Team.

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