Renters fear they'll never own a home: Fed survey [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The New York Federal Reserve's 2024 SCE Housing Survey released Monday found renters' perceptions about the ease of obtaining a home mortgage have "deteriorated substantially" since 2023. The percentage of renters who say that obtaining a mortgage is somewhat or very difficult jumped to 74.2%, a more than 8 percentage point increase from last year, and far above the low of 50.5% in 2021, the survey found. At the same time, the percentage of renters who said they believe they will eventually become homeowners fell to 40.1%, a drop of 4.3 percentage points from last year and a new series low in the survey that has been conducted for a decade. WALL STREET HAS SPENT BILLIONS BUYING HOMES. A CRACKDOWN IS LOOMING. The data also indicates Americans expect housing affordability to become even worse. READ ON THE FOX BUSINESS APP The housing survey, which is part of the New Fed's broader Survey of Consumer Expectations, saw rent price growth expectations for the next year increase
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News
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FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/9/24 - Form ABS-15G/A
- 5/9/24 - Form ABS-15G/A
- 5/9/24 - Form ABS-15G/A
- FMCC's page on the SEC website