Posted 3/13/2024, 4:43:00 PM
Majority Believe the American Dream of Homeownership is Now Out of Reach
- 57% of renters believe the American Dream of homeownership is dead due to high mortgage rates and lack of affordable housing
- 43% of homeowners also agree that home buying feels impossible now
- Over 55% believe homeownership no longer provides the return on investment it once did
- Most feel defeated about their ability to ever afford a home, despite still wanting to own
- Experts say Americans still aspire to homeownership but see it as more of a fantasy than an achievable goal
