Reported about 6 hours ago
A recent survey by Santander shows a significant change in how middle-income Americans, particularly Gen Z and millennials, view homeownership. Many prefer renting due to rising home prices and mortgage rates, reevaluating financial prosperity without the need to own a home. CEO Tim Wennes noted that half of younger homeowners feel financially strapped, suggesting that renting offers more flexibility and affordability.
Source: YAHOO