Renters see chance of owning a home at record low, survey shows

By Alex Tanzi | Bloomberg

US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after falling last year, a new Federal Reserve Bank of New York survey showed.

Amid elevated prices, high mortgage rates and difficulty saving money for a down payment, only about four in 10 renters think that they will be able to buy a home, the New York Fed said Monday. That’s the lowest level since the survey on consumers’...