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Ron Leshnower

Why Are More Homeowners Switching to Renting?

By March 17, 2012

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In response to data showing home values continued to fall at the end of 2011, Apartments.com conducted a national survey of more than 3,000 of its January Web site visitors about their moving plans for 2012.

Among other questions, the survey queried respondents about the reasons for their move and for choosing to rent instead of buy a home.

Significantly, 33.6% (up from 20.5% in 2011) of respondents who claimed to be looking for a rental identified themselves as previous homeowners. Of these apartment hunters, 26.3% said they're switching to renting because they believe it's a more affordable option, while 21.2% indicated they prefer what they perceive as increased flexibility in choosing where to live.

If you're renting your apartment or you're considering renting an apartment after owning a home, why did you decide to switch? Do you think renting is more affordable and flexible than owning, especially in the current economy?

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(Photo Peter Dazeley / Getty Images)

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