Survey: One in Six Aspiring Homeowners Have Given up in the Last Five Years

The vast majority of U.S. adults still consider owning a home a linchpin of the American dream.

With housing affordability squeezing buyers, one in six (16 percent) of aspiring homebuyers have given up on purchasing a home in the past five years because they could not find anything they liked or could afford, according to a new Bankrate survey. Mangostar/Shutterstock

By Jeff Ostrowski Bankrate.com

Home prices remain near record highs. Mortgage rates have retreated but remain well above their pandemic lows. Add it up, and homebuyers are feeling discouraged.