Homeownership costs near record highs, pushing American dream out of reach for many
By
Emily Peck
Summary
A new report finds homeownership costs near record highs, making the American dream increasingly out of reach, especially for young adults. The monthly cost of a median-priced home is $3,120. Housing affordability has become such a significant issue that Congress is close to passing rare bipartisan legislation to address what is widely considered a housing crisis.
Source
bskyHomeownership costs near record highs, pushing American dream out of reach for manyaxios.comKey quotes
· 3 pulledCall it a dream deferred: Americans are being thwarted by homeownership costs that are near record highs, a new report finds.
Homeownership is a cornerstone of the American dream and the way many of us build wealth, but it is increasingly out of reach — particularly for young adults.
Housing affordability has become such a big issue that Congress — which can't seem to come together on much of anything — is close to passing bipartisan legislation to address what most agree is a housing crisis.
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