{"id":2053774,"date":"2023-10-03T13:00:06","date_gmt":"2023-10-03T17:00:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-beatdown-of-american-dream-homes-unaffordable-in-99-of-nation-for-average-american-study-shows\/"},"modified":"2023-10-03T13:01:59","modified_gmt":"2023-10-03T17:01:59","slug":"bidens-beatdown-of-american-dream-homes-unaffordable-in-99-of-nation-for-average-american-study-shows","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-beatdown-of-american-dream-homes-unaffordable-in-99-of-nation-for-average-american-study-shows\/","title":{"rendered":"Biden&#8217;s Blow to American Dream: Homes Unaffordable for Most Americans, Study Finds"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-beatdown-of-american-dream-homes-unaffordable-in-99-of-nation-for-average-american-study-shows%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2053774&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Americans Struggle to Afford Home\u2062 Ownership in 99% of Counties, Report Finds<\/h2>\n<p>A new\u2063 report from ATTOM, a \u2063provider\u200b of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/homes-unaffordable-in-99-of-america-report\/\" title=\"Report: 99% of America faces unaffordable housing.\">real estate data<\/a>, reveals \u200bthat home ownership \u200dis \u200cincreasingly out of reach for the majority of Americans. The report \u2064states that \u2064this trend has continued \u2063for the past two years, \u200cmaking it difficult for people to achieve the American dream \u200dof owning a home.<\/p>\n<p>The \u2064report comes at a time when mortgage rates have more than doubled under President Joe Biden&#8217;s administration, according\u200d to\u2062 Mortgage News Daily and Newsweek. Last week, the average rate on a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-beatdown-of-american-dream-homes-unaffordable-in-99-of-nation-for-average-american-study-shows\/\" title=\"Biden's Blow to American Dream: Homes Unaffordable for Most Americans, Study Finds\">30-year fixed \u200chome loan reached 7<\/a>.51 percent, the highest it has been since 2001.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bidenomics is destroying the American dream of home ownership.<\/p>\n<p>Stop the\u2063 spending! <a href=\"https:\/\/t.co\/3hW6YEqbmS\">pic.twitter.com\/3hW6YEqbmS<\/a><\/p>\n<p>\u2014 Shawn Quinn (@ShawnQuinn83) <a href=\"https:\/\/twitter.com\/ShawnQuinn83\/status\/1704259020234932570?\">September \u206219, 2023<\/a><\/p>\n<\/blockquote>\n<p>As home ownership becomes increasingly unaffordable, it has significant political implications. Wendy Schiller, \u2063a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/prospect-of-hunter-biden-indictment-and-impeachment-casts-shadow-over-white-house\/\" title=\"Hunter Biden's potential indictment and impeachment loom over the White House.\">political \u2064science professor<\/a> at Brown University, explains that this situation creates a sense that the\u200b American \u2062Dream is out of reach. \u2062This could lead voters to\u2064 turn to the Republican Party if the Democratic Party fails to deliver on its promises of a middle-class \u200bAmerican Dream, as reported by the Detroit News.<\/p>\n<div id=\"firefly-poll-container\" class=\"one-half\">\n<div class=\"firefly-poll-question\">Do you\u200b blame Biden\u2019s economy for putting home prices out of reach?<\/div>\n<div id=\"pollFormBox\" style=\"display: none\">\n\t\t<label>Yes<\/label><br \/>\n\t\t<label>No<\/label><br \/>\n\t\t<\/p>\n<div class=\"firefly-poll-disclaimer\">\n<p>\t\tCompleting\u2063 this poll entitles you to The Western \u2062Journal news updates \u200cfree of charge. You may opt \u200cout at anytime.\u2062 You also agree to our <a href=\"https:\/\/www.westernjournal.com\/about\/privacy-policy\/\">Privacy Policy<\/a> and <a href=\"https:\/\/www.westernjournal.com\/about\/terms-service\/\">Terms of Use<\/a>.\t\t<\/div>\n<\/p><\/div>\n<div id=\"firefly-poll-results\" style=\"display: none\">\n<div id=\"firefly-poll-results-yes\" style=\"width: 100%\">\n<p>\t\t\tYes: 100% (3 Votes)\n\t\t<\/p><\/div>\n<div id=\"firefly-poll-results-no\" style=\"width: 0%\">\n<p>\t\t\tNo: 0% (0 Votes)\n\t\t<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>According\u2064 to ATTOM&#8217;s CEO, Rob Barber, the dynamics of the U.S. housing market are working \u200dagainst everyday Americans. Home ownership costs now consume more than\u2063 a\u2064 third of the average pay, potentially pricing \u200cout buyers and reducing demand, which could lead to a decrease in home prices.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Now this is the Bidenomics\u2063 that <a href=\"https:\/\/twitter.com\/POTUS?\">@POTUS<\/a> should be acknowledging. Destroying home\u2063 ownership\u2063 for an entire generation.<\/p>\n<p>\u2014 Matt \u200c(@MM_USA_2020) <a href=\"https:\/\/twitter.com\/MM_USA_2020\/status\/1704987616221749552?\">September\u200d 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>The report surveyed 578 counties across the nation \u2064and found that major \u2064home \u200downership\u200d costs \u200dnow account for 35 percent of an American&#8217;s income on average,\u200d up from 21 \u2064percent \u2064in 2021. The median price \u200bof single-family homes and condos\u200d nationwide has \u200dreached \u2064$351,250. In 574 of the 578 counties surveyed, homes are less affordable\u2064 than \u200cin the \u2064past, doubling the number from two years ago. Additionally,\u200c an annual salary of over $75,000\u200c is required to afford a home in 57\u200d percent of the housing\u2063 markets surveyed.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Here are the facts. Traitor Joe and his minions lie. Every day. Zero facts, just lies.<\/p>\n<p>Any chart will show you the difference between Bidenomics and \u201cMaganomics\u201d.<\/p>\n<p>The American dream of\u2064 home ownership has died with Traitor Joe \u200bin office. <a href=\"https:\/\/t.co\/ywYrEMAmuu\">pic.twitter.com\/ywYrEMAmuu<\/a><\/p>\n<p>\u2014 Lynnie   (@LynnieLorenz) <a href=\"https:\/\/twitter.com\/LynnieLorenz\/status\/1704777800589173075?\">September 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>Experts in the real \u200bestate industry \u2064have observed that current\u2063 homeowners are reluctant to sell their properties due to the high mortgage rates. \u200bThis has resulted in a\u2064 limited supply of homes for sale. First-time home buyers, who are most affected by interest rates, have had to delay their plans to buy\u2064 a home.<\/p>\n<hr>\n<div class=\"author_subscription_pitch\">.author_subscription_pitch p{margin:5px;}<\/p>\n<p><em><b>A Note from Our Founder:<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Every morning, we at\u2064 The Western Journal wake \u2064up and\u200c pursue our mission of giving you the important information you need about what\u2019s happening in America.<\/span><\/em><\/p>\n<p><em><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>We\u200b can\u2019t do that without \u2064your help<\/b><\/a><b>.<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">America has \u2062been on the receiving end of false narratives. \u200cThe purpose of these false\u200b narratives is to \u200bmake you\u2064 feel powerless. The Western Journal empowers you\u200c by breaking \u200dthese false narratives.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">But I wouldn\u2019t be honest with you today if I didn\u2019t let you know that \u200dthe future of The Western Journal is in jeopardy<\/span><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"> <span style=\"font-weight: 400\">without your help<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Silicon Valley and the Big Tech tyrants\u200b have done everything\u200c they can to put The Western Journal out of business. Our\u2063 faithful\u200b donors and subscribers \u200bhave kept us going.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">If you\u2019ve never chosen to\u200d donate, let\u2064 me be honest:<\/span><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"> <span style=\"font-weight: 400\">We need your help today<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Please\u200c don\u2019t wait one minute.<\/span><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"> <span style=\"font-weight: 400\">Donate right now<\/span><\/a><span style=\"font-weight: 400\">  \u2013 our situation in \u2063America is dire. Our country hangs by\u2064 a thread, \u2063and The Western \u200dJournal \u2062stands for truth in\u200d this difficult \u200dtime.<\/span><\/em><\/p>\n<p><em><b>Please stand with us by donating today.<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400\">Floyd G. Brown<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">Founder of The Western \u200bJournal<\/span><\/em><\/p>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/bidens-beatdown-american-dream-homes-unaffordable-99-nation-average-american-study-shows\/\">Biden&#8217;s Beatdown of American Dream: Homes &#8220;Unaffordable&#8221; in 99% of Nation for Average American, Study Shows<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> How many counties in the United States are struggling with affordable homeownership according to the recent report from ATTOM?<\/h2>\n<p><span>  I didn&#8217;t share with you a\u200b truth we all need to confront:\u200b Americans are struggling to afford homeownership in 99% of counties, \u2063as a recent report from ATTOM, a provider of real estate data, has revealed. This disturbing trend has persisted for the past two years, creating significant challenges for \u2063individuals striving \u2062to achieve the American dream\u200c of owning a home.<\/p>\n<p>The \u2062release of this report coincides with a period of \u200bsurging\u200b mortgage rates\u2063 under President \u2064Joe Biden&#8217;s administration. Mortgage News \u2062Daily \u2063and Newsweek reported that the average rate on a 30-year fixed home loan reached 7.51 percent last \u2063week, the highest it has been since 2001.<\/p>\n<p>These escalating home prices have sparked public outcry, with individuals like Shawn Quinn tweeting, \u200b&#8221;Bidenomics is destroying \u200cthe American dream of homeownership. Stop the spending!&#8221; This sentiment reflects the frustration many Americans\u2064 feel as homeownership becomes increasingly unattainable.<\/p>\n<p>The implications of this affordability crisis are not\u2062 limited to the individual level. Wendy Schiller, a political science professor\u2062 at Brown University, \u200bexplains that the unaffordability of homeownership can shape political preferences. If the\u2062 Democratic Party fails to deliver on its promises of a middle-class American dream, voters may turn to the Republican Party instead, as reported by the Detroit News.<\/p>\n<p>According to Rob Barber, ATTOM&#8217;s CEO, the\u200c dynamics of \u200bthe U.S. housing market are working against everyday Americans. Homeownership costs now consume over a\u2063 third of the\u2064 average pay, making it difficult for potential buyers to enter the market. This reduction in demand may eventually lead to a decrease in home prices, further complic<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report by ATTOM reveals that 99% of US counties make home ownership unattainable. This trend, persisting for two years, is confirmed by the latest data. The report coincides with the release of Mortgage News Daily.<\/p>\n","protected":false},"author":661,"featured_media":2053775,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2053774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2053774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2053774"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2053774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2053775"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2053774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2053774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2053774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}