Renters have been more impacted than the pandemic and the resulting downturn than homeowners, according to a new survey from Redfin. The report survey 3,000 residents in October to collect this data.

One of the key findings of the report was the financial stability of homeowners. During the pandemic, 39% of rental households experienced lost wages while only 30% of homeowner households experienced lost wages. This has meant a widening wealth gap between homeowners and renters. "Renters who have lost jobs or wages are likely dipping into savings for daily living expenses, pushing homeownership further out of reach," Daryl Fairweather, chief economist at Redfin, said in a statement.

It wasn't all bad news. According to the Redfin data, 50% of homeowners stated that they are better financial position now than they were four years ago, and 44% of renters made the same claim. On the other hand, 37% of renters responded that they are in a worse financial today than they were four years ago, while only 22% of homeowners made the same claim. The increase in home values may have played a role in improving homeowners' financial position compared to renters.