Us homeowners more confident than renters

Homeowners in the US are generally more confident than renters in their local housing market’s performance, according to new research from Zillow.

The site's Housing Confidence Index (ZHCI), conducted in partnership with Pulsenomics LLC, reveals that homeowners are more optimistic than renters, but this confidence gap is widening in areas with rapid home value growth and narrowing in areas with more restrained growth.

Homeowners have become more confident about their decision to invest in a home where home values in their area have increased more rapidly. By contrast, renters feel that they cannot escape renting and have lowered their aspirations for homeownership in areas where home values have increased more rapidly.