Residential

Rising home prices, stagnant wages squeeze home buyers

Home ownership remains elusive for many Americans a decade after the collapse of the real estate market sent the U.S. economy into a tailspin.

More than one-third of Americans ages 18 to 34 said they are likely to opt out of home ownership over the next decade, according to an annual survey conducted by the U.K.-based consumer credit reporting agency Experian. About a quarter of Americans of any age also said they were likely to opt out of home ownership in that period.

The number of Americans who said they are likely to opt out of homeownership increased 8 percentage points in this year’s survey, compared to 2016.

Read Article at CNBC.com

Leave a Reply