Among those same renters who can’t afford to buy a home right now, 54% think it’s unlikely they’ll ever be able to, the poll found.
The CNN poll found that 90% of renters younger than 45 say they’d like to buy but can’t afford it, compared with 79% of those age 45 and above.
Most adults (53%) younger than 45 who want to buy but can’t afford it believe it’s at least somewhat likely they’ll eventually be able to buy a home.
Among renters who want to buy but can’t afford it, 40% say the biggest barrier is saving for a down payment, according to the CNN poll.
Seventy percent of Americans call owning a home essential to achieving the American dream, the CNN poll found.
Persons:
SSRS, Brent Bjornsen, ” Bjornsen, Hurricane Harvey, We’re, ”, Baby, ’ Jeremy Andersson, Millennials, ” Andersson, “, Andersson, I’m, “ I’m, Zillow, they’ll, they’d, “ I’ve, “ It’s
Organizations:
New, New York CNN, CNN, Baby Boomers, Federal Reserve, National Association of Realtors, Covid
Locations:
New York, United States, America, Phoenix , Arizona, Houston, Atlanta , Georgia