New York Fed Study Reveals Decline in Renters' Mobility Expectations
A recent study by the New York Federal Reserve highlights a significant decline in the mobility expectations of renters in the United States. The study, which utilizes data from the annual New York Fed SCE Housing Survey, indicates that the probability of renters moving to a different primary residence within three years has dropped from 57% in 2014 to 37% in 2026. This decline is attributed to growing challenges in homeownership, with renters perceiving mortgages as less affordable due to higher rates and costs. The study also notes that renters' optimism about ever owning a home has decreased, with the average probability falling from 52% in 2015 to 35% by 2025. 
