Homeowners vs. Renters: Who’s Winning in the Economic Divide?
Sacramento, California – The economic landscape is showing stark disparities based on homeownership status in the post-pandemic era. Recent data indicates that renters are facing greater financial challenges, while homeowners are benefiting from low mortgage rates and opportunities for refinancing that emerged during the pandemic. The divide between renters and homeowners has complicated the Federal Reserve’s efforts to combat inflation, as homeowners continue to drive consumer spending and support prices. Chief economist of LPL Financial, …