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Trulia: ‘Renter Nation’ Is a Myth

Company sees shrinking inventory, rising prices for 2013


A new report by real estate search engine Trulia (NYSE:TRLA) shows that Americans are coming around about home ownership.

The American Dream study, conducted by Harris Interactive, showed that 27% of consumers feel more confident about owning a home. That’s up from 19% six months ago. Overall, home ownership is increasing, and so is the number of people looking to buy.

However, buyers might find that it’s becoming harder to get a home as confidence improves, and a decline in sellers might lead to rising home prices in 2013.

The online survey was performed between Nov. 15 and 19; 2,082 Americans were surveyed, of which 1,271 were homeowners.

Some other facts from the survey:

  • 31%: Number of renters planning to buy within two years
  • 72%: Those who say that home ownership is a part of their plans
  • 43%: Number of 18-34-year-olds who already own a home
  • 23%: Decline in home inventory since 2011

The full survey can be seen here.

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Article printed from InvestorPlace Media,

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