KC Condo Tracker

Renters Under 50 Want to Buy a Home! | MyKCM

Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.

One of the many questions asked in the housing section of the survey was:

Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence?

Over three-quarters of respondents under the age of 50 said that they would prefer to own their home, rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below.

Renters Under 50 Want to Buy a Home! | MyKCM

When renters were asked what the average probability of owning a primary residence at some point in their future was, 66.4% of those under 50 believed that they would eventually own their home, while only 23% of those over 50 did.

Renters Under 50 Want to Buy a Home! | MyKCM

Bottom Line

Many had wondered if young Americans had lost their desire to own a home, but for those renting now, that dream is still alive.

Posted by AJ Gentry on May 16th, 2018 9:50 AM
It's not everyday that a Westport neighborhood condo comes on the market. Westport has always been and remains to be one of the best places to go on a Friday night or Saturday afternoon for great food and drinks at LOCAL KC hotspots like McCoys Public House, 303, Ragazza, Kelly's, Joe's Pizza, Blanc Burgers, or Port Fonda. It's the type of neighborhood where people love to hang out, so just imagine having the Westport Art Festival minutes from your front door and not worrying about the parking!?!

This 1 bedroom, 1 1/2 bathroom condo is move-in ready and has a private deck for you to enjoy. With wide-open living spaces flowing from the minute you walk in the front door through the living room, dining room and into the kitchen, this condo is every entertainers ideal floor plan. Two level living helps keep your bedroom private while you keep your guests on the first floor.

Come home to Westport, where you can live, work and play.

Call us today for a private showing - this unique condo, listed by AJ Gentry of AJ Gentry and Associates at Platinum Realty for $184,500, is going to sell fast --> 816-699-0084.
Posted by AJ Gentry on April 24th, 2015 11:06 AM



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