Buyers able to afford less than half of homes for sale U.S. 2020-2022, by generation

Published by Statista Research Department, Sep 15, 2022

According to a survey conducted among over 15,000 respondents in the U.S., approximately 77 percent of home buyers who were looking to buy a home in the next 12 months were able to afford less than 50 percent of the homes for sale as of the second quarter of 2022. This result shows that housing affordability decreased from the same period in 2021, when 71 percent of prospective home buyers could afford less than half of homes for sale. From all generations, Gen X struggled the most with affordability

In the second quarter of 2022, roughly 18 percent of U.S. adults were planning a home purchase in the next year.

Share of adults who can afford less than 50 percent of the homes for sale in the United States from 2nd quarter 2020 to 2nd quarter 2022, by generation

Characteristic	Q2 2020	Q2 2021	Q2 2022
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

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Release date

July 2022

More information

Region

United States

Survey time period

June 2020 to June 2022

Number of respondents

15,472*

Special properties

adults planning a home purchase in the next 12 months.

Supplementary notes

* The source adds the following information: "polls are based on a national sample of adults selected to proportionately represent the US adult population in terms of age, gender, region, race/ethnicity, and education. Further weights are applied to the final set of respondents to ensure proper representation across these demographic variables."

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