Americans in these northeast states are choosing not to buy houses
Fox News
Residents in the cities of Newark, New Jersey, New York, Connecticut, and Massachusetts have a high ratio of renters to buyers. People are renting due to debt, interest rates, and money.
A January study by IPX1031 examines the U.S. Census Bureau housing data for 2021 of more than 300 cities to identify the top U.S. cities for a ratio of homeowners to renters and surveys over 1,000 Americans to determine the reasons behind the spread.
The results show a strong concentration of renters is located in the Northeast, while homeownership is highest in the South and West. Money, interest rates, responsibility, and debt load are all reasons buyers are holding back.
Homeownership Across The Country
More Related News