Only 1 in 4 Renters Think They’re Likely to Own a Home

Freddie Mac survey: 4 out of 5 renters (82%) think it’s cheaper than owning, but 44% also say they’ve moved in the past two years because their rent was too high.

NEW YORK – A new Freddie Mac survey finds that only 24% of renters polled said it was “extremely likely” that they would ever own a home, down 11 percentage points from four years ago.

The survey also found that 82% of renters said renting was more affordable than buying, up 15 percentage points from February 2018.

Meanwhile, rising rents are creating hardships: 44% of renters who moved within the last two years said that they did so because they could no longer afford their rent.

Source: Wall Street Journal (06/27/19) Parker, Will; Kusisto, Laura © Copyright 2019 INFORMATION INC., Bethesda, MD (301) 215-4688

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