Here’s some news that might be surprising to some: Nearly 3 in 5 renters say they plan to keep renting next year, according to Zillow’s Consumer Housing Trends Report. Even if mortgage rates dropped, only 37% say they would buy, down from 45% last year.
The shift from aspiring homeowner to committed renter signals a shift away from decades-old housing assumptions in American housing. For a growing share of Americans, renting is a deliberate choice that means you aren’t tied down to one property for long periods of time.
