(NEXSTAR) — A recent report found that buying a home in the U.S. today is less affordable than any other time in the last 17 years, only emphasizing the pressure many homebuyers may have already been feeling. More than 35% of the average wage is currently going toward the typical costs of a home, the report from real estate data company ATTOM determined. Coupled with stubborn mortgage rates, hovering around 6.95%, the thought of owning a home may feel out of reach for many. It all comes at a time when nearly 80% of Americans say owning a home is part of the “American Dream."
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