Nearly 90% of renters in the U.S. would like to buy a home — but they can’t afford it, according to research from CNN.
Home prices rose 3.4% from December 2023 to December 2024 and will increase another 4.1% by December 2025, per a recent home-price analysis from CoreLogic.
The median price for an existing home (not new construction) was $404,500 as of September 2024, the National Association of Realtors reported, though real estate costs vary considerably nationwide.
Related: You Have One Month Left to Buy a House, According to Barbara Corcoran. Here’s Why.
If you’re among the approximately 15% of Americans in the market for a new house, you might be
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