Survey: California Renters Aiming for Homeownership – NMP Skip to main content

Survey: California Renters Aiming for Homeownership

Jun 09, 2016
Nearly half of California renters plan to purchase a home in the future and 10 percent are aiming for homeownership within a year, according to a new survey conducted by the California Association of Realtors (CAR)

Nearly half of California renters plan to purchase a home in the future and 10 percent are aiming for homeownership within a year, according to a new survey conducted by the California Association of Realtors (CAR).

Nonetheless, many California residents acknowledged financial concerns are keeping them out of homeownership. Forty-six percent of renters said they were renting because they could not afford to buy, while 13 percent stated their poor credit disqualified them from consideration. The remaining respondents, however, stated they were happy in their current situation and saw little reason to change it.

As for those aiming at homeownership, 39 percent hoped to buy a home in the same county where they currently reside, and 23 percent wanted to buy in the same neighborhood. Seven percent stated they would buy a home in another state, while one percent looked even further afield and insisted they wanted to move to another country.

About the author
Published
Jun 09, 2016
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026