Owning a Home Elusive as Rise in Cost of Mortgage Payments Far Outpaces Wage Growth

A sign is posted in front of a home for sale in San Rafael, Calif., on Sept. 28, 2021. Justin Sullivan/Getty Images

News Analysis

For Americans seeking to buy a home, this year has likely brought much frustration. A nexus of several natural and man-made factors culminated in the tightest residential real estate markets in recent memory.