Zillow: Charlotte renters struggle in buying a home

For renters in Charlotte looking to transition into homeownership, the process isn't an easy one, according to a new Zillow report. Out of the nation's largest rental markets researched by Zillow, Charlotte ranked as the 10th-worst metro for renters qualified to purchase a home. Data compiled by the Seattle-based online real estate firm showed that just 9.8% of people searching for a rental unit had sufficient credit scores and incomes to afford a residence of median value ($162,300) in the Queen…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/08/15/zillow-charlotte-renters-struggle-in-buying-a-home.html?ana=RSS%26s=article_search