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’ housing-related experiences and expectations was started a decade ago.

 

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