US EditionStudy: Renters replacing homeowners in N.J. suburbs
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Study: Renters replacing homeowners in N.J. suburbs
For many people in the United States, the American dream of owning a house in the suburbs is beyond their reach. According to an analysis published in March by The National Association of Home Builders, 74.9% of U.S. households were unable to afford a median-priced new home costing $459,826 and a 30-year mortgage rate of 6.5% in 2025. Facing that reality, more Americans, many of them in New Jersey, are renting rather than owning a place in the s…
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