The impact of rising home prices on the American dream

Owning a home remains a key component of the American dream, yet high home prices and affordability issues are significant barriers for many, even those in high-paying jobs. According to Bankrate's 2025 Home Affordability Survey, over 80% of aspiring homeowners cite affordability as a challenge, though 64% are willing to make sacrifices like relocating or buying fixer-uppers. Despite these challenges, mortgage rates have recently eased, potentially improving the prospects for homebuyers, particularly younger Americans who continue to aspire to homeownership.