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Survey: More US Renters Worry Ownership Beyond Their Reach

13 Apr 2024 03:27

Islam Times - Nearly 40% of renters are worried they'll never be able to buy a home, up from 27% last summer, per Redfin survey results about to be released.


Affordability and optimism are hitting all-time lows, Axios reported.

Renting is cheaper than owning in many US markets, but nearly one in four renters nationwide regularly struggle to make monthly payments, per Redfin.
Out-of-reach home prices, difficulty saving for a down payment and high mortgage payments and interest rates are among the top reasons renters say they won't become homeowners anytime soon.

More renters want a slice of the American Dream. Roughly 14% of renters never wish to own a home, down from nearly 19% in Q2 2023, according to Redfin's study.

Empty nesters are hogging Phoenix's family-size homes, according to a recent Redfin report.

"OK Boomer" might sting more when it comes from millennials eyeing the keys to your three-bedroom house.


Story Code: 1128201

News Link :
https://www.islamtimes.org/en/news/1128201/survey-more-us-renters-worry-ownership-beyond-their-reach

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