{"id":3611,"date":"2022-11-01T15:29:37","date_gmt":"2022-11-01T15:29:37","guid":{"rendered":"https:\/\/frankbuysphilly.com\/opinion-the-single-family-rental-sfr-category-is-providing-a-critical-pathway-to-home-ownership\/"},"modified":"2022-11-01T15:29:37","modified_gmt":"2022-11-01T15:29:37","slug":"opinion-the-single-family-rental-sfr-category-is-providing-a-critical-pathway-to-home-ownership","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/opinion-the-single-family-rental-sfr-category-is-providing-a-critical-pathway-to-home-ownership\/","title":{"rendered":"Opinion: The single-family rental (SFR) category is providing a critical pathway to home ownership"},"content":{"rendered":"
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One of the most common misconceptions in the broader discussion of America\u2019s housing crisis is that the rapid increase of the single-family rental (SFR) market is preventing prospective homeowners \u2014 especially younger homeowners \u2014 from attaining the American Dream. That is not the case, in fact, SFR properties serve as a critical housing \u201csafety valve,\u201d providing an intermediate step toward home ownership. SFR is an attractive option for those seeking a better quality of life amid a persistently tight housing market. <\/p>\n
Contrary to popular belief, single-family renters are not typically \u201crenting-in-perpetuity” or locking themselves out of home ownership, but rather are seeking out the best current value amid a challenging and rapidly evolving economic environment over which they have little control. And the numbers back up this counter narrative. According to a recent National Association of Realtors (NAR) survey, 86% of tenants renting single-family homes<\/a> end up purchasing a home within five years.\u00a0<\/p>\n