The American Dream of homeownership has become a virtual nightmare for an entire generation priced out of the market. The situation is dire:
House prices rose 18.8% in 2021, the biggest increase in 34 years of data and substantially ahead of 2020's 10.4% gain.
Rental prices across America have soared over the past year, with some cities experiencing average price hikes of up to 40%.
Most members of the Millennial and Gen Z generations do want to own a home someday, or even right now. Their biggest roadblock is affordability.