You're probably $30,000 short of what you need to buy a house—and you're not alone

A man and a woman look at paperwork together (Credit: Getty Images)

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.