Fewer Renters Believe They Are Likely to Ever Own a Home

Author: Will Parker

Freddie Mac survey indicates renters see themselves shut out of home market.

More American renters believe homeownership is financially out of reach, according to a new survey that shines fresh light on the growing housing affordability crisis. 

Only 24% of renters said it was “extremely likely” that they would ever own a home, 11 percentage points lower than four years ago, according to the survey set to be released Thursday by mortgage finance giant Freddie Mac. Of the renters surveyed, 82% said renting was more affordable than buying, 15 percentage points higher than February of 2018.
​
Read More: Here