Home Affordability in the U.S.

The report highlights that buying a home in the U.S. is currently less affordable than in the past 17 years, with over 35% of the average wage going towards home costs. Owning a home is still seen as part of the 'American Dream,' but factors like home prices, rents, and mortgage rates need to be considered. The decision to buy or rent depends on various factors, including the length of stay and financial considerations.

Home Affordability in the U.S.

Buying a home in the U.S. is currently less affordable than in the last 17 years due to high costs and mortgage rates. Owning a home is still part of the 'American Dream,' but whether it's a good investment depends on various factors like how long you plan to stay. Home prices have climbed significantly over the past five years, driven by the pandemic homebuying boom. Consider your financial situation and needs before deciding whether to rent or buy a home.