【Freddie Mac】Affordability Challenges for Renters and Homeowners

Key Findings:

• 82% of renters view renting as more affordable than homeownership, up 15 points from February 2018
• 51% of Americans have made spending or housing changes to afford their monthly housing payment
• 44% of renters and 35% of owners who had trouble affording their housing payment over the last two years reported having to move to afford housing costs
• Over half of workers employed in the essential workforce (e.g., teachers, nurses and law enforcement) have made housing decisions with their student loan repayment obligations in mind
• Half of owners and 44% of renters in the essential workforce say they had to make different housing choices to afford daycare

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