Current renters value homeownership and want to buy a home but many are encountering affordability and financial obstacles that prevent them from buying. Nearly half of renters (48 percent) plan to buy a home in the future, with 10 percent saying that they plan to buy within a year. For those not planning to buy, an improvement in finances, lower housing prices, and saving enough for a downpayment would motivate them to buy now.
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More real estate investors are turning to niche properties and away from investing in single-family homes and multifamily properties than they have in recent years. C.A.R.’s 2016 California Investor Survey found 10 percent of investors purchased commercial, land, mobile homes, or other types of properties in the past year, up from 7 percent in 2015 and 6.7 percent in 2014.
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