Bankrate’s Senior Economic Analyst Discusses Why More Than Half of Americans Say They Can’t Afford a Home

Andrew Thomas
By Andrew Thomas
February 28, 2024NTD Newsroom

Annual home prices rose again in December while the fourth quarter of 2023 saw 30-year fixed-rate mortgages reach an average of nearly 8 percent.

Mark Hamrick, a senior economic analyst at, discusses the company’s recent survey, which reveals more than half of Americans say they can’t afford a house. Respondents say the high cost of living and income are the main obstacles between them and home ownership.


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