The US is becoming a renter nation
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The American Dream is getting a reality check. A record 36 percent of Americans now say they'd choose to rent if they moved – a dramatic 10-point surge in just three years. Why? Home buying simply doesn’t add up anymore.
Mortgage rates have shot up to 7.25 percent. Home prices remain stubbornly high. Meanwhile, the rental market is cooling off, with new lease prices showing only minimal increases. For many Americans, the choice is becoming clear.
The numbers tell a striking story. Just four years ago, 60 percent of Americans thought it was a good time to buy a home. Today? That number has plummeted to just one in five.
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