Renters Cite Affordability as the Main Obstacle to Homeownership
Pro Builder
APRIL 7, 2022
Prospective buyers are retreating to the rental market as housing prices continue to soar. renters cited a lack of local housing affordability as their main reason for renting instead of becoming homeowners, and 30% were also unable to save for a down payment, according to a recent Redfin survey. Nearly one third of all U.S.
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