As homeownership charge drops to 63.4%, lowest since 1967, Bankrate reviews that nearly half of non-homeowners say their monetary state of affairs stands of their means of buying a house. The explanations are that 29% of respondents say they’ll’t afford a down cost and 16% of respondents say that their credit score isn’t ok to qualify for a mortgage. “Hispanics had been the ethnic group most definitely to report that their credit score is holding them again from homeownership, whereas the most-cited purpose amongst blacks and whites was they only don’t need to personal a house but.” (bankrate.com)
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