Renters More Pessimistic About Home Affordability: Zillow

Homeowners are more pessimistic about the future of the housing market, while renters worry if they'll be able to afford to buy a home, according to a Zillow survey.

The overall number of renters who said they plan to buy a house this year declined during the first six months of 2015, to 11.4% from 12.1%, Zillow said. Additionally, a smaller number of respondents who believe those who recently bought a home will be better off in 10 years fell to 59% from 61%.

Many view rapidly rising home prices in some markets and are worried they won't be able to afford a house.

"The good news is, things are leveling off with no crash in sight," Zillow's chief economist, Svenja Gudell, said in a news release. "If incomes rise to keep up with home values — and that's a big if — people can count on homeownership in their future, even in hot markets."

Home-price appreciation has cooled off in many U.S. markets this year, Zillow noted. However, some markets, including Silicon Valley in California, Seattle and Denver, remain red-hot.

The results were derived from Zillow's survey of 10,000 renters and homeowners about the condition of their local real estate markets, expectations for home price appreciation and other topics.

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