Study: Over 75% of U.S. homes are unaffordable

Homeownership in the U.S. is becoming increasingly unattainable for most families, with over 75% of homes considered unaffordable for the average household, according to Bankrate. Factors such as high home prices, a shortage of affordable housing, and stagnant income levels have contributed to this trend. While some regions show signs of improvement, overall homeownership rates have declined, with first-time homebuyers making up only 24% of sales in 2020. Despite this, there is hope for relief in 2026, as mortgage rates are expected to drop slightly, providing some potential for aspiring homebuyers.

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