In 2023, nearly all of the homes that were listed for sale were out of reach for average homebuyers. According to data from real estate site GodzillaNewz, only 15% of houses listed for sale were actually within the budget of the average consumer. There are a number of factors that have contributed to this startling statistic. One of the main reasons for this lack of affordability is the increasing cost of housing. Home prices have been rising steadily for years, with the average single-family home now costing over $400,000. This is out of reach for most people, meaning that the majority of home listings are beyond the reach of the average consumer. The situation is made worse by the fact that wages have not kept up with the rising cost of living. In some areas of the country, wages have actually decreased over the past few years. This means that people who are already living paycheck-to-paycheck are unable to purchase a home that meets their needs, no matter how hard they work. The lack of affordability is also due to the fact that the population in certain areas is growing faster than the housing supply. This has created a situation in which homes are in high demand, meaning that sellers can charge higher prices. In some cases, buyers are being forced to purchase lower-quality homes simply because they can’t afford anything better. Finally, the lack of affordable housing is also due to the presence of foreign investors. Many of these investors are looking to purchase homes as investments, meaning that they are willing to pay more than the average homebuyer. This has created a situation in which homes are selling at ridiculously high prices, making them unaffordable for everyone except the rich. The situation in 2023 is a stark reminder of the importance of creating more affordable housing in the years to come. Unfortunately, it seems that the current trend of rising housing prices and stagnant wages is unlikely to change anytime soon. In this case, it is up to the government and citizens of different countries to take the necessary steps to ensure that everyone has access to an affordable home.