Renters’ self-assessed probability of ever owning a home fell 4.3 percentage points to a record low 40.1% as of February, according to a New York Federal Reserve survey published Monday.

The latest SCEO Housing Survey released by the New York Federal Reserve indicates renters' hopes of someday owning a home have plummeted over the past year.

The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing dream, according to a New York Federal Reserve survey released Monday.

US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after falling last year, a new Federal Reserve Bank of New York survey showed.

Americans are once again bracing for another round of higher housing costs, amid rising expectations by renters that they'll never be able to buy a house, the Federal Reserve Bank of New York said on Monday.

With mortgage interest rates remaining above 7% as the Federal Reserve keeps its benchmark rate at a 22-year-high, renters’ expectations that they’ll ever own a home dropped to the lowest point since the Federal Reserve Bank of New York started surveying consumers on the question in 2014.