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48% of renters don’t believe they will ever purchase a home

September 13, 2021 By Geoffrey Disch Leave a Comment

According to a new report by Lending Tree, 48 percent of American renters don’t believe they will ever be able to purchase a home due to rising home prices and stagnant wages. Saving for a down payment is the number one obstacle facing renters, according to the study.

76 percent of the renters polled said they would like to be able to own a home, if possible. Low credit scores are also a concern.

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Filed Under: Real Estate Tagged With: home purchase, renters

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