Posts with tag: public relations
The American Dream of homeownership is becoming increasingly unattainable as rising mortgage rates and home prices push the median homeowner's income spending on housing to a near-historic 42%. First-time homebuyers are getting older, with the median age now at 38, and many are opting to rent instead of buying due to affordability concerns. Experts cite a shortage of homes on the market and stagnant wage growth as the primary drivers of this trend, leaving many Americans locked out of homeownership and its potential for equity and wealth building.
Published on: February 01, 2025, 02:00 PM UTC