42% of non-homeowners say this is what's preventing them from buying a home

Nearly half of non-homeowners say that a low income is what's preventing them from buying a home. (via CNBCMakeIt)

Having a low income, and not having enough for a down payment "are two sides of the same coin," Holden Lewis, home and mortgage expert at NerdWallet, tells CNBC Make It. Those who don't have enough income to save for a down payment will have a difficult time becoming homeowners.

Lewis also noted that for many non-homeowners, there aren't enough affordable homes in their target locations available. According to the survey, a lack of available homes is preventing 36% of non-homeowners from pursuing home-ownership.Despite the difficulties non-homeowners may face in searching for affordable homes, there are ways they can overcome these obstacles.

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