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Renters' hopes of owning hit historic low

New York Federal Reserve research has found that the share of renters who believe they will eventually be able to purchase a home has fallen to a record low.

Nearly three-quarters of renters say getting a mortgage is hard, with many of them putting the probability of ever owning a home in the future at 40%, a decrease of four percentage points from a year ago.

Roben Farzad, host of public radio’s “Full Disclosure,” joins host Scott Tong to delve into the details behind the numbers.

This article was originally published on WBUR.org.

Copyright 2024 NPR

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