Survey: More US Renters Worry Ownership Beyond Their Reach

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.