Buying a home in America feels further and further out of reach. Home prices and mortgage rates have been elevated ever since the pandemic housing boom, and wages haven’t kept up with inflation.

Considering these variables, more than 75% of homes on the market are unaffordable to the typical household, according to a new Bankrate analysis released Monday.

“When only a sliver of the market is affordable to the typical household, homeownership starts to feel less like a milestone and more like a luxury,” said Bankrate data analyst Alex Gailey. “It’s no surprise that one in six aspiring homeowners have walked away in the last five years.” Another Bankrate analysis from September shows one in six aspiring homeowners had completely given up on finding a home to buy.

Meanwhile, there’s a $30,

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