Thursday , 21 January 2021

Few Renters Expecting to Purchase a Home Anytime Soon

By Tory Barringer

In a survey of more than 2,000 American adults, 61 percent of renters said they don’t plan to purchase a house at any point in the next three years, Freddie Mac said Monday. When asked why they expect to keep renting for the near future, half of respondents said they can’t afford to make a down payment for a mortgage, while 38 percent said they can’t afford a monthly mortgage payment.

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