Renters' Aspirations to Own a Home Plummet to All-Time Low, Reveals New York Fed Survey
Monday, 6 May 2024, 15:00
Renters' Aspirations to Purchase Home Decline
The New York Fed survey has revealed a concerning trend among renters, with only 13.4% expressing hopes of affording a home in the future.
Key Points:
- Record Low Confidence: The share of renters aspiring for homeownership hits an all-time low.
- Challenges Ahead: Economic uncertainties and financial barriers hinder renters' dreams of owning a home.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.