Data: Bankrate; Note: Assumes 20% down payment, 6.8% 30-year mortgage and 30% of income going towards all-in homeownership costs; Map: Kavya Beheraj/Axios
Over 75% of U.S. homes on the market are unaffordable to the typical household, according to a Bankrate analysis.
The big picture: Persistently high home prices and mortgage rates are only part of the squeeze. In many places, there simply aren't enough homes available.