CBS News: For most Americans, owning a home is now a distant dream

CBS News: For most Americans, owning a home is now a distant dream. “Nationwide, there are only about 250,000 homes currently for sale that are considered affordable for households with between $75,000 and $100,000 in annual income — a sharp decline from the roughly 656,000 available homes prior to the COVID-19 pandemic, a recent analysis by the National Association of Realtors (NAR) found. This means there are now about 65 households in that income bracket for one listing, up from 24 households in 2019.”

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