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MEMPHIS-Whether they are renters or owners, single-family home types are a solid lot, wishing to stay in place rather than relocate when it's time to buy. That's just one of the findings of a new survey, a first-timer, from ORC International and locally based Premier Property Management.
In fact, single-home renters are 18% more likely to stay put than apartment dwellers, the report reveals, mostly with the intention of buying the asset they're renting. Some 26% of single-family types are planning to stay where they are for at least five years, compared to 22% of multifamily types.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
