Are High Prices Keeping You From Homeownership? Consider a Condo

More than 3 in 4 (78 percent) of U.S. adults said that owning a home was part of the American Dream.
Are High Prices Keeping You From Homeownership? Consider a Condo
In an aerial view, apartments are seen undergoing construction on March 19, 2024, in downtown Austin, Texas. Brandon Bell/Getty Images/TNS
Tribune News Service
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By David McMillin From Bankrate.com
According to Bankrate’s Homeowner Regrets Survey, more than 3 in 4 (78 percent) of U.S. adults said that owning a home was part of the American Dream. That’s far more than other life milestones, such as having children (45 percent) or getting a college degree (35 percent). In today’s housing market, however, it’s much harder to make that dream a reality. An imbalance of supply and demand has pushed home prices to record highs, while rates for 30-year mortgages continue to linger near the 7 percent mark.