For generations, owning a home has been a major milestone of adulthood in the United States. Today, that milestone is becoming more difficult to reach for many Americans.
According to a June 25, 2026, report by Statista, citing Gallup, rising home prices, higher mortgage rates, and stagnant real wages have led many non-homeowners to delay their plans to buy.
Key findings:
-Only 25 percent of non-homeowners expect to buy a home within the next five years
-This is the lowest level recorded since Gallup began asking the question in 2013
-Among adults ages 18 to 34, the share expecting to buy within five years fell from 57 percent in 2013/2015 to 29 percent in 2025/2026
-The share of non-homeowners who do not expect to buy a home in the foreseeable future increased from 13 percent to 30 percent
-Many prospective buyers plan to wait longer while saving for a down payment or hoping for lower home prices and mortgage rates
What This Means for Us in Southeast Florida
Affordability continues to shape the housing market, especially for first-time buyers. Even so, many people are preparing now so they'll be ready when the right opportunity comes along.
If buying a home is part of your long-term plan, having a strategy today can put you in a stronger position tomorrow. Small steps now can make a meaningful difference later.
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