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Few non-homeowners expect to buy home in next 5 years: Survey

  • A recent survey found that nearly half of renters in the U.S. do not expect to buy a home in the next five years, citing affordability issues.
  • This situation arises from high starter home prices, with Zillow reporting costs at $1 million in 233 cities, alongside elevated interest rates and expensive mortgages.
  • Currently, 62% of Americans own their homes, a figure that remains below pre-2008 housing crash levels, while 34% rent—many renters cite the inability to save the necessary funds for an initial home purchase as a primary reason.
  • Gallup found that 72% say it’s a bad time to buy a house and 57% expect housing costs to rise over the next year, reflecting widespread market pessimism.
  • These factors suggest homeownership rates are unlikely to increase significantly soon, highlighting a need for policies to make housing investment more attainable.
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13 Articles

Fox 10 PhoenixFox 10 Phoenix
+7 Reposted by 7 other sources
Center

Less than a third of Americans expect to buy a home in the next 5 years, poll finds

Homeownership rates aren't likely to increase substantially in the next few years, and most Americans aren't confident in the housing market, a new poll found.

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  • 100% of the sources are Center
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FOX13news broke the news in Florida, United States on Wednesday, May 7, 2025.
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