A recent survey by LendingTree reveals that 48% of Americans who planned to buy a home in 2024 couldn't.

Here's why: 34% said their earnings were too low, feeling their income couldn't support a home purchase. 32% were put off by high home prices — the cost of homes was simply too much. 24% found interest rates too high, making buying a home even harder. And 13% reported being outbid, losing out on homes they wanted.

43% of those who couldn't buy now plan to wait until 2026 or later, hoping the market will be better then.

This trend shows the challenges many face in today's housing market. It's a tough time for prospective buyers.