Diana Olick | CNBC
Mortgage rates are near record lows, employment is improving and rents are pricey. So why aren’t more renters taking the plunge into homeownership?
Renters are avoiding buying a home mainly because house prices are soaring. Just 52 percent of renters surveyed in a National Association of Realtors quarterly report said they feel now is a good time to buy — that is down from 62 percent of those surveyed one year ago.