Homeownership Is Now a Pipe Dream , for Most in the United States.<br />Homeownership Is Now a Pipe Dream , for Most in the United States.<br />CBS News reports the dream of homeownership in the United States <br />is just that for many — a dream.<br />As inflated housing prices have resulted <br />in a cut-throat market, affordable homes <br />in America are dwindling. .<br />Per a recent analysis by the National Association of Realtors (NAR), only around 250,000 homes currently on the market are deemed <br />affordable for middle-class Americans.<br />Before the COVID-19 pandemic, <br />nearly 656,000 homes were available <br />to middle-income earners.<br />Experts say the housing trends show homeownership in the United States <br />"is a signifier of the upper class now.".<br />Unfortunately, the middle-class dream <br />of homeownership <br />has been fading away. , Daryl Fairweather, chief economist at Redfin, via CBS News.<br />According to Zillow, the average cost to buy a home is at or above $1 million in nearly 500 cities in the United States.<br />Experts say home prices in the <br />United States have risen exponentially.<br /> and they aren't stopping any time soon.<br />Per the S&P Case-Shiller Index, <br />in the last year, housing prices <br />in the United States rose 19%.<br />Experts say this is the sharpest increase the index has shown in over 30 years
