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4 Reasons Fewer Americans Are Buying Homes

TheMotleyFool

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4 Reasons Fewer Americans Are Buying Homes

While the U.S. homeownership rate has climbed slightly since reaching a 50-year low in 2016, it remains near a generational low at just 63.7%. Simply put, more people are choosing to rent than buy their homes in recent years than at any point since the 1960s.

RealtyMogul, an online real estate investment platform, recently commissioned Harris Poll to conduct a survey to shed some light on the reasons why more people are choosing to rent, and here are four major trends that help to explain the shift toward renting.