New data from the National Association of Realtors shows about 20 million families have money to buy a home but are choosing to rent as reported in MarketWatch.com. Buyers are deterred from purchasing because of large down payment requirements and requests to prove a long track record of steady income. Many workers are choosing to be self-employed or do free-lance work.
Additionally, what to do with the house in a divorce case is a major consideration in equitable distribution. Some people are very attached to the home for a number of reasons. Whether it is financially feasible or sensible is something to weigh. Sometimes the solution really is to sell the house and opt to rent for a while.