An overwhelming majority of Americans agree that it is not the best time to try and buy a house, according to Fannie Mae's Home Purchase Sentiment Index (HPSI). Mortgage rates and home prices pose the biggest obstacle for residents of metro areas.

Yahoo Finance Housing Reporter Dani Romero details the National Association of Realtors' (NAR) latest data on surging home prices for US metro areas in 2024's first quarter, coinciding with renters' homebuying optimism plummeting to a record low.

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This post was written by Luke Carberry Mogan.