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James Pethokoukis: Decline in renter mobility reflects concern over housing affordability

James Pethokoukis: Decline in renter mobility reflects concern over housing affordability
Renter mobility falls as homeownership fades

James Pethokoukis points to new data showing a decline in the expected mobility of renters, alongside more renters expressing the view that buying a home is becoming increasingly unattainable.

The information comes from a New York Fed Research update showing a rise in pessimism about the accessibility of homeownership among renters.

Pethokoukis has covered a range of recent market trends. Earlier this year, he reported that the Uber share price fell over 16 percent year to date as investors raised concerns about autonomous vehicle competition. He also noted that Mexico became the second-largest enterprise server supplier to the U.S. with $46.9 billion in sales, behind Taiwan.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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