Dave Ramsey shares crucial advice for Americans buying a home now

Over the past several years, homeownership has become increasingly expensive, locking many young buyers out of the housing market. 

Inflation has increased the cost of living across the board, raising home prices and making it difficult for homebuyers to save for a down payment while balancing rent payments and other financial obligations.

However, most first-time homebuyers may not need to save as much as they think for a down payment.