Homes For Sale In Bergen County NJ Renters Under 50 Want To Buy A Home

Dated: 05/26/2018

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Renters Under 50 Want to Buy a Home In Bergen County NJ!

Renters Under 50 Want to Buy a Home! | MyKCM


Homes For Sale In Bergen County NJ | Renters Under 50 Want To Buy A Home



Houses for sale in Bergen County , NJ continue to experience a sellers market particularly in the entry to middle level homes.  It's extremely important to find an agent that knows the market and knows how to negotiate for you because houses today are receiving 5+ offers each. 


Now let's talk about 
Renters Under 50 Want To Buy A Home 




Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.

One of the many questions asked in the housing section of the survey was:

Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence?

Over three-quarters of respondents under the age of 50 said that they would prefer to own their home, rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below.

Renters Under 50 Want to Buy a Home! | MyKCM

When renters were asked what the average probability of owning a primary residence at some point in their future was, 66.4% of those under 50 believed that they would eventually own their home, while only 23% of those over 50 did.

Renters Under 50 Want to Buy a Home! | MyKCM

Bottom Line

Many had wondered if young Americans had lost their desire to own a home, but for those renting now, that dream is still alive.


Source.. KCM Emily Millan Blog


If you have any questions about the Bergen County, NJ don’t hesitate to give us a call at 646-256-2214. We will be happy to help you.


To reach us, please call 646-256-2214

or send us an email to: [email protected]


Thinking of selling your home? Let Emily take over the marketing of your property for you.

 HomeValuesInNJ.com- Call or Text  646-256-2214 of for more information. 


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