Rising Rent Costs Blocking Homeownership Dreams for Many

by David Wharton in Daily Dose

November 29,2017

It’s no secret that rent prices are taking a big bite out of many Americans’ incomes, especially for those not in a position to purchase a home. Even worse, it’s a real obstacle toward being able to save toward a down payment that could make buying a home a feasible possibility. A new report from Zillow highlights just how bad it’s become—renters are spending nearly $2,000 a year more in 2017 than they would have been prior to the housing bubble.

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