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Svenja Gudell of Zillow Gudell: “San Jose, San Diego and Seattle are among the most competitive places for buyers, and the going isn’t any easier for renters.”

SEATTLE—For additional evidence that renting by choice is a reality, consider a pair of new studies from credible authorities—Zillow and the National Association of Realtors—showing high percentages of renters who could afford to buy instead. Then consider that the two studies reached very different conclusions about the markets where these renters reside.

Zillow’s study, released this past Friday, cited San Jose, San Diego and San Francisco as metropolitan areas with the largest segments of on-market renters with credit scores and income necessary to purchase a home. Los Angeles, New York City and Zillow’s home base of Seattle also made the list of metros with large segments of current renters who are financially qualified to buy a home.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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