Renters in the United States , Are Losing Hope of Home Ownership.<br />CNN reports that as the U.S. real estate market has stayed hot, many renters are starting to doubt that they'll ever own a home of their own.<br />According to a recent survey by the <br />Federal Reserve Bank of New York.<br />an average of just 43.3% of renters <br />believe they'll own a home in the future.<br />In 2021, 51.6% of renters were hopeful <br />they'd own a home eventually.<br />In 2021, 51.6% of renters were hopeful <br />they'd own a home eventually.<br />Per CNN, home ownership prospects have reached their lowest point since the <br />NY Fed began tracking data in 2015.<br />Experts say as the price of homes in the United States has skyrocketed, homebuying confidence has been in free fall.<br />22% of those surveyed said they had planned on buying a home, but now see renting as a more responsible fiscal decision.<br />36% said they prefer to rent housing.<br />42% said they were willing to wait to <br />buy a home until prices come down.<br />One in three of the survey's participants <br />who earn less than $60,000 per year believe <br />owning a home won't ever happen for them.<br />Still, renting a house may be more <br />expensive than any other time in <br />United States history, and renters aren't optimistic about the future.<br />Taken together, these numbers suggest a spike in rents in the near future, followed by more moderate growth in subsequent years. , Statement from survey by the Federal Reserve Bank of New York, via CNN
