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Stock impact report

Gold Shines As Homebuying Affordability Hits A Record Low [Forbes]

U.S. Global Investors, Inc. - Class A (GROW) 
US:NASDAQ Investor Relations: usfunds.com/about-us/investor-relations
Company Research Source: Forbes
A multitude of factors, including soaring home prices, elevated interest rates and persistent inflation, has created the perfect storm, making homeownership a distant reality for more U.S. residents. It's impossible to overexaggerate the benefits to owning one's home. In 2022, primary residences accounted for more than a quarter of all assets held by U.S. households, underscoring just how important homeownership is in building long-term wealth. But according to analysis conducted by Redfin, a mere 16% of homes for sale in 2023 were considered affordable for the typical U.S. household, the lowest share on record. This stark figure represents a decline from 21% in 2022 and a significant drop from over 40% before the pandemic-fueled homebuying frenzy. Fewer than one in five homes for sale were affordable last year While the vast majority of renters (81%) aspire to own a home in the future, a staggering 61% are plagued by concerns that they may never realize this dream, according Show less Read more
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