What the Numbers Say
Homeownership remains one of the best wealth-building opportunities for Americans, but data shows this opportunity is out of reach for many.
There is a shortage of approximately 6 million homes in America due to years of underbuilding and underinvestment in housing. 1
Home prices have risen nearly 30% since 2019 and there are only around 1 million homes available now, compared to the near 4 million homes available in 2007. 2
The majority of renters (61%) cannot afford to buy a home in their city. 3
1. https://cdn.nar.realtor/sites/default/files/documents/Housing-is-Critical-Infrastructure-Social-and-Economic-Benefits-of-Building-More-Housing-6-15-2021.pdf
2. https://cdn.nar.realtor/sites/default/files/documents/2022-the-double-trouble-of-the-housing-market-02-07-2022.pdf
3. https://porch.com/advice/renters-priced-out-study