Americans still favor owning over renting, but for how long?

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Foreclosure Fallout: 43 Percent of Americans Are Still Renting.. money for a down payment and poor credit are the primary reasons american families who rent today from buying a home of their own.

A recent Gallup Poll finds 73% of Americans report owning their primary residence, while 22% says they rent their home. Americans under age 30 are equally likely to say they own their home as they are to say they rent it, while the vast majority of those who are older report that they own their home.

Close to 90% of the respondents say that the benefits of homeownership outweigh the drawbacks. If they could do it all over again, current homeowners say they would still choose to buy their home (93%) instead of continuing to rent, and nearly all (95%) note that owning a home is a better financial decision in the long run than renting.

More Wise To Rent Or Have A Mortgage? - Twitter Question Over. But unlike renting, you also have to pay for your own repairs and upgrades. Renting is great for some people because of the freedom of being able to leave. Owning is great for people who want.

According to the company’s study, 67% of American homeowners believe owning a home is a better option than renting. However, LendingTree discovered that for many American homeowners, renting is.

The benefits of homeownership can far outweigh those of renting over the long haul. Owning a piece of the American dream provides a sense of financial security that renting lacks. For instance, you can tap the equity in your home to reach other financial goals, such as retirement expenses.

Nonetheless, homeownership remains at the heart of the American dream. The benefits of homeownership can far outweigh those of renting over the long haul. Owning a piece of the American dream provides a sense of financial security that renting lacks. For instance, you can tap the equity in your home to reach other financial goals, such as retirement expenses.

Many boomers are discovering the advantages of renting, not owning, a home. Read these tips on how to make the transition from homeownership.

Multifamily housing bubble may be in the future OCC: Number of loans in foreclosure reaches a three-year low New foreclosure filings fell in fourth quarter For various reasons, the number of foreclosures that were filed fell in the final quarter of 2011, with a slight decrease in the volume of."The slowdown in Dallas-Fort Worth’s housing market may be worse than at first glance. Sales of preowned single-family homes dropped 1 percent annually in August in all of North Texas, according to the latest numbers from the Real Estate Center at Texas A&M University.

The shift from owning to renting Trulia. As the chart above shows, the share of U.S. households that rent increased from 36.1 percent in 2006 to 41.1 percent in 2014.