xhv8mzw7ge79waga35o97s2wbzpfr6 Renters continue to delay becoming owners. A new trend in real estate

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Renters continue to delay becoming owners. A new trend in real estate

The nation's homeownership rate dropped to a record low in 2016 from a record high in 2004, and even as home sales improve, first-time buyers are still missing out on much of the recovery. Some renters are staying put by necessity and some by choice — it depends on who is asking them.

The number of renters who said they don't know when they expect to move rose to 37 percent in March compared with 30 percent in a survey conducted last September, according to a survey released this week by Freddie Mac, which helps finance the multifamily apartment market. See full article on CNBC by going HERE.