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'Renter Nation' Just A Myth: 93% of Millennial Renters Plan To Buy A Home Someday
Jed Kolko, Chief Economist at Trulia
Trulia’s latest American Dream survey reveals consumer optimism about homeownership is rebounding as the housing market recovers, even among young adults who were often pegged as renters for life during the recession. Meanwhile, rising prices will encourage some homeowners to sell in 2013.

Trulia’s year-end 2012 American Dream survey reveals how today’s consumers are more optimistic about the housing market and more ready to buy. For Millennials, the recent housing bust shapes their near-term expectations about the market in general, but nearly all young renters want to buy in the long run. Going into 2013, consumers expect inventory to expand, and it looks like that will happen so long as prices keep rising: as price gains push more homeowners into positive equity, more will be willing to sell.

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