Americans increasingly see homebuying as out of reach

From NPR.

More Americans see buying a home as increasingly out of reach, according to a new poll by Gallup.

The share of non-homeowners who intend to buy a house in the next five years has fallen to 25%. That’s down from nearly 50% a decade ago, and the lowest since Gallup started tracking this in 2013. Now, nearly half of non-owners say they do not intend to buy a home anytime soon. The poll was taken earlier this month, and comes as median home prices top $400,000 — historically high compared to average incomes.

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