48% of renters don’t believe they will ever purchase a home

According to a new report by Lending Tree, 48 percent of American renters don’t believe they will ever be able to purchase a home due to rising home prices and stagnant wages. Saving for a down payment is the number one obstacle facing renters, according to the study.

76 percent of the renters polled said they would like to be able to own a home, if possible. Low credit scores are also a concern.