This is down from 30% in 2025 and from 49% in 2017. At the same time, 45% of non-homeowners say they do not expect to buy a home in the foreseeable future, up from 28% in 2013. This shift is most pronounced among younger Americans, with only 29% of non-homeowners aged 18-34 expecting to buy within 5 years, down from 57% in 2013-2015. US homeownership is increasingly out of reach. – The K Report
- the Gallup housing data tells a structural story, not a cyclical one: 18-34 year olds expecting to buy within 5 years: 57% in 2013, 29% today non-owners with no foreseeable purchase plans: 28% in 2013, 45% today this isn’t pessimism. it’s rational updating to real market conditions. median home price in 2013: ~$195K median home price today: ~$420K median wage growth over same period: nowhere close the math stopped working. the data is just reflecting that. – game of Markets
- 25% in five years? Yikes. Younger folks playing musical chairs with housing while prices sprint ahead… someone start the national housing glow-up fund (I’ll bring the late-night ramen).
- 65% of current homeowners say they have no intention of selling in the foreseeable future, creating a feedback loop where low supply keeps prices at the $400,000+ median despite mortgage rates hovering in the 6.3% range. If the next generation of buyers wanted to buy, they would be competing for a pool of inventory that is still 12% below pre-pandemic norms.
- Not surprising. I guess this is a result of a lot of first time buyers in particular being priced out of the market. Their deposits now don’t stretch in their state and they don’t want to move across the country. It’s sad as those already asset rich get richer as the value of your dollar drops with excess money printing and inflation. Own assets where you can…
- This is one of the clearest affordability signals in the economy. The American dream is disappearing because the math stopped working. High prices, high mortgage rates, insurance costs, property taxes and weak real affordability have turned homeownership into a delayed or abandoned goal for many younger households. The most important detail is the 18-34 group. If only 29% of young non-homeowners expect to buy within 5 years, that has long-term consequences: household formation, birth rates, consumer spending, wealth inequality, and political pressure around housing supply. NTA
- 45% have just given up on ever owning, not “saving up”, not “waiting for rates to drop”. when half the renter pool checks out permanently the demand floor never comes back the same way. wealth gap widens on autopilot from here.
- That’s because home prices are way out of range for any middle class or ordinary American, while big corporations just drive up these prices it makes the American people lose hope in actually ever owning a house. – Danny S
- 45% of non-homeowners say they’re giving up on buying. Ever. 30Y mortgage sitting at 7%+. Savings rate 3.6%. Median home price near $420K. The math doesn’t work and people know it. This isn’t pessimism. It’s numeracy. The American Dream didn’t die. It got rate-hiked out of reach.
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