Survey: Nearly Half of Renters Fear They’ll Never Own
Lending Tree: 88% of 2,500 consumers polled said they’d rather own a home than rent; but 48% of renters fear they’ll never be able to buy.
CHARLOTTE, N.C. – According to a survey of 2,500 consumers from LendingTree, 88% of respondents said they’d rather own a home than rent, but 48% of renters say they worry about whether they’ll ever be able to buy.
According to the respondents, down payment barriers, home prices being too high, and difficulty qualifying for a mortgage due to a low credit score are the biggest concerns and obstacles to homeownership.
The research notes that “as the country grapples with a shortage of homes available to meet demand, many who don’t own homes fear they never will.”
Source: Realtor Magazine (09/01/21)
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