According to a recent Harris poll commissioned and released by Trulia, 31 percent of surveyed renters intend to buy a home within two years.
The online interactive survey of 2,083 adults living in the United States was conducted between November 15th and 19th. A little more than a quarter of respondents reported feeling better about the housing market than they did in the prior six months.
Millennials (aged 18-34) reported home ownership as part of their “personal American Dream” in the same proportion as other respondents (72%). Millennials, however, were more optimistic than older respondents about 2013 housing prices and mortgage rates. Many Millennials (43%), per Trulia, already own homes.
The market has had a 43 percent reduction in housing inventory since 2010, but inventory could substantially increase as increasing prices motivate existing homeowners to sell.
This Harris survey has been conducted annually since 2009.