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Renters say there's a 1 in 3 chance they'll ever own a home, lowest on record

Summary by Straight Arrow News
American renters say the chance of ever owning a home is at its lowest in at least a decade. Several factors are weighing on this portion of the American dream. The median price for a new home is $415,000, near the record highs reached in 2022. Housing availability is higher in 2025 compared to the last few years but remains below levels seen before 2021. Full Story American renters are increasingly giving up on their dream of ever owning a home…

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Renters say there's a 1 in 3 chance they'll ever own a home, lowest on record

American renters say the chance of ever owning a home is at its lowest in at least a decade. Several factors are weighing on this portion of the American dream. The median price for a new home is $415,000, near the record highs reached in 2022. Housing availability is higher in 2025 compared to the last few years but remains below levels seen before 2021. Full Story American renters are increasingly giving up on their dream of ever owning a home…

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themortgagepoint.comthemortgagepoint.com

Owning a Home Consuming a Larger Share of Wages - The MortgagePoint

ATTOM has released its Q1 2025 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in Q1 of 2025 compared to historical averages in 97% of counties around the nation with enough data to analyze. The latest trend extends a three-year pattern of homeownership requiring historically large portions of wages as U.S. home prices stay at or near record levels. The report also shows that major …

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themortgagepoint.com broke the news in on Thursday, March 27, 2025.
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