Name: Bankrate's Senior Economic Analyst Discusses Why More Than Half of Americans Say They Can't Afford a Home
Uploaded: 2024-02-28T23:44:50.000Z
Description: 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.

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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 Bankrate.com, 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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