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Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

American Dream CRUSHED – SCE Housing Survey Reports Renters’ Hopes of Owning a Home Sinks to Historic Low

American Dream CRUSHED – SCE Housing Survey Reports Renters’ Hopes of Owning a Home Sinks to Historic Low

The Federal Reserve Bank of New York's 2024 SCE Housing Survey of Consumer Expectations paints a disappointing picture of the future of homeownership in America. The survey highlights the growing anxiety over escalating housing expenses, especially among renters who see their aspirations of homeownership slipping away. As a result, renters' confidence in the ability to ever buy a home was reported at a record low of 40.1%. Survey Indicates Homeownership Appears to Be More Unattainable Than in Previous Polls The SCE Housing Survey brings to the surface what Americans have seen progressing for the past few years. Currently, many potential homebuyers find themselves drowning in financial hardships with no end in sight. As they strive to earn more to save for a home, today's economy pushes back,...

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