and warnings that it could stay elevated or make a raging comeback.

‘Death for the American Dream’

High interest rates have made borrowing more expensive and put home ownership out of reach for many Americans, especially first-time homebuyers. Prospective homebuyers need to earn nearly twice as much to afford a typical home today as they did around four years ago, according to a recent study by Redfin.46:{"name":"Tom Ozimek","slug":"tom-ozimek","termId":79028,"avatar":"https://www.theepochtimes.com/assets/uploads/2022/09/13/WEB_TomOzimek-_1.jpg","taxonomy":"authors","termTaxonomyId":79128,"description":"Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.","rootSlug":"authors","parent":28453,"uri":"/author/tom-ozimek"} 45:["$46"] 49:{"name":"US","slug":"us","termId":13,"parent":0} 4a:{"name":"US Politics","slug":"us-politics","termId":7026,"parent":13} 4b:{"name":"2024 Elections","slug":"2024-election","termId":146937,"parent":7026} 48:["$49","$4a","$4b"] 47:{"name":"Presidential Race","slug":"presidential-race","termId":197108,"ancestors":"$48","taxonomy":"category","termTaxonomyId":196524,"description":"News about 2024 presidential race.","rootSlug":"us","parent":146937,"uri":"/us/presidential-race"} 4c:{"original":"https://img.theepochtimes.com/assets/uploads/2024/05/19/id5652997-Trump-in-Minnesota-GettyImages-2153470915-OP.jpg","url":"https://img.theepochtimes.com/assets/uploads/2024/05/19/id5652997-Trump-in-Minnesota-GettyImages-2153470915-OP-1080x720.jpg","small":"https://img.theepochtimes.com/assets/uploads/2024/05/19/id5652997-Trump-in-Minnesota-GettyImages-2153470915-OP-300x180.jpg","medium":"https://img.theepochtimes.com/assets/uploads/2024/05/19/id5652997

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