Can American families afford the current prices of iconic holiday movie homes?

Christmas movies are perennial must-sees. From “Home Alone” to “Miracle on 34th Street,” these films showcase now-iconic homes where characters celebrate the season’s joys. We may dream of living in these houses, but could today’s average American afford to buy one of these homes?

Several modern challenges hamper housing affordability, and residences depicted in classic Christmas movies are no exception. One primary contributing factor is the significant increase in real estate prices relative to household incomes.