“A recent analysis from Realtor.com found 77% of home listings are out of reach for middle-income earners. Rents have also risen faster than incomes, leaving nearly half of renters cost-burdened, meaning they pay more than a third of their income for housing.”
The renter-owner wealth gap is wider than ever, as many are priced out of buyingHousing has long been the largest source of wealth for middle income families. But many renters cannot afford to buy as housing prices soar, which could fuel a generational divide.www.npr.org