Buying a home may not be as far out of reach as you think.
Nearly three-quarters of renters say they would like to buy a house at some point, according to a new report from Pew Research Center. Two-thirds say they aren't renting by choice — they can't afford to buy a home right now or otherwise aren't in a position to buy.
Half of renters say their inability to afford a down payment is a major reason they rent, notes the report, and 38 percent say they don't think they can qualify for a loan. Nonwhites were more likely to cite financial reasons for not owning a home, Pew found. (See chart below for a breakdown.)