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.