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.
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