Housing Market Crisis: Homeownership Becomes Unaffordable in Majority of US States

Amidst rising inflation and economic volatility, purchasing a home in the United States has become increasingly challenging. A report by Bankrate reveals that only 14 states offer affordable housing options for individuals earning below $75,000, a significant decline from 36 states in 2018. Soaring housing prices and rents are placing significant financial burdens on many Americans, making homeownership an elusive dream for many.

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