Americans looking to buy a house are currently facing conditions that make it hard for anyone but the very wealthy to afford buying a home.
Elevated home prices combined with mortgage rates that have rebounded from historic mid-pandemic lows to levels last seen in the early 2000s are causing major headaches for would-be home buyers.
To make things worse, many Americans had to dip into their savings during the past few years of high inflation, making it very hard to save for a sizeable down payment.
Add geopolitical tensions and uncertainty about the impact of AI on the labor market to the mix and renting suddenly seems like a very attractive, or possibly the only feasible option.
As Statista's Felix Richter reports, the latest results from Gallup’s annual Economy and Personal Finance poll show that current conditions have really spoiled Americans’ appetite to buy houses.
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This year’s survey, conducted April 1-15, sh
