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Thursday, July 18, 2024

The Inability to Afford a Down Payment Is Why Renters Keep Renting, According to a New Report from the Federal Reserve

A recent report by the Federal Reserve found that, while 36% of renters in 2022 did so because they prefer it, 65% noted the reason for renting was their inability to afford a down payment for a house. Read more about the report, here. The financial well-being of Americans has declined significantly …

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