National Association of Realtors

President Trump addressed housing affordability in a 2024 speech, promising federal land for housing construction. In 2026, he reportedly dismissed housing concerns, canceling a bipartisan housing bill signing to prioritize his controversial election bill, the SAVE Act.

Minnesota home affordability increased by 2.1% in 2026, marking the first improvement since 2020. The average age of first-time homebuyers rose to 40, up from 30-32 in the 1980s through 2019, according to Twin Cities realtor Amanda Cox Zuppan. Minnesota's Housing Affordability Index reached 90 in 2026, below the 100 baseline, indicating typical families still cannot qualify for mortgages on typical homes.

California leads the US in multigenerational housing listings, with its top five metros accounting for nearly four times the national share of 6.1%. Rising housing costs have driven this trend, with 17% of homebuyers in 2023-2024 opting for multigenerational homes to reduce living expenses.

Millennial parents in the Northeast face a surge in million-dollar starter homes, with the region becoming the fastest-growing area for such unaffordable housing. Zillow reports 242 U.S. cities now have starter homes priced at $1 million or more, up sharply from 80 pre-pandemic, driven by chronic housing shortages and high demand. New Jersey and New York alone added 15 cities to the list in the past year.

SpaceX employees' collective wealth could theoretically purchase all homes in an unnamed Texas city. In 2025, first-time home buyers increasingly used financial assets for down payments or full purchases, per the National Association of Realtors.

Existing U.S. home sales rose 3.2% in May to a 4.17 million annual rate, exceeding expectations despite higher mortgage rates. The median home price hit a record $429,300, while affordability improved due to slower price growth relative to incomes. Sales increased in the Midwest, South, and West but declined in the Northeast.

Sales of previously occupied U.S. homes surged in May to a seasonally adjusted annual rate of 4.17 million units, the fastest pace since December, despite rising mortgage rates. The National Association of Realtors reported a 3.2% monthly increase and a 3.2% annual rise, with home prices climbing 1.3% year-over-year to $429,300.

First-time homebuyers are increasingly relying on family financial support and multi-generational living arrangements due to high home prices and interest rates. While affordability improved slightly in 2024 compared to 2023, starter home shortages and elevated prices persist, pushing the median age of first-time buyers to 40. Prices remain 4% below 2022 peaks after inflation adjustments, but income margins for typical home purchases have narrowed significantly.

First-time homebuyers are increasingly relying on family assistance and multi-generational living arrangements to navigate high home prices and interest rates. Despite a slight improvement in affordability in April 2024 compared to the previous year, prices remain elevated, and a shortage of affordable starter homes persists. The median age of first-time buyers reached 40 in 2023, reflecting growing challenges for younger households.

First-time homebuyers are navigating high home prices and interest rates, relying on family assistance and multi-generational living arrangements. While affordability improved slightly in April compared to the previous year, prices remain near 2022 peaks, and a shortage of starter homes persists. The median age of first-time buyers reached 40, with repeat buyers dominating the market.

First-time homebuyers are increasingly relying on family financial support and multi-generational living arrangements to purchase homes amid persistently high prices and interest rates. Despite slight affordability improvements in April compared to the previous year, the median age of first-time buyers reached a record 40, highlighting market challenges for new entrants.

First-time homebuyers are navigating high home prices and interest rates by seeking family financial support and multi-generational living arrangements. While affordability improved slightly in April compared to a year earlier, prices remain elevated, with the median age of first-time buyers reaching 40. Examples include a Utah family contributing $200,000 to help their son purchase a Tennessee home and couples like Ty and Allisha Setty buying a Cincinnati house without family aid.

First-time homebuyers are navigating high home prices and interest rates, with many relying on family financial support or multi-generational living arrangements. Despite slight affordability improvements in April 2024 compared to the previous year, starter homes remain scarce, pushing the median age of first-time buyers to 40. Examples include a Utah family contributing $200,000 to help their daughter purchase a Tennessee home, and a Cincinnati couple buying a house without family assistance.

First-time homebuyers are increasingly relying on family support and multi-generational living arrangements due to high home prices and interest rates. Despite some affordability improvements in April 2024, the median age of first-time buyers reached a record 40, with a shortage of affordable starter homes slowing market progress.

First-time homebuyers are relying on family assistance and multi-generational living arrangements due to high home prices and interest rates. Despite some affordability improvements in April compared to the previous year, the median age of first-time buyers reached 40, and a shortage of affordable starter homes persists.

First-time homebuyers are increasingly relying on family assistance and multi-generational living arrangements due to high home prices and interest rates. Despite a slight improvement in affordability in April 2024 compared to the previous year, the median age of first-time buyers reached a record 40, with starter homes remaining scarce. The National Association of Realtors reports that while income growth and slightly lower mortgage rates have improved affordability, it remains significantly worse than historical levels.

Single women aged 18-26 are purchasing homes at nearly double the rate of their male counterparts, with 35% of women versus 18% of men buying homes according to National Association of Realtors data. Despite this gender disparity, Gen Z as a whole continues to lag behind other age groups in homeownership rates.

The current time is considered the worst in 15 years to sell a home, with sellers facing difficulties. Sellers are stuck due to various reasons. The situation is affecting the real estate market.

The condo crisis in America has led to a surge in 'for sale' signs, with owners desperate to leave, but online listings reveal red flags about the true state of the crisis. Owners are struggling to sell their condos, and the market is filled with uncertainty. The crisis is affecting many lives and livelihoods.

Housing prices are falling in nearly half of America's biggest cities, sparking fears of a housing slump among realtors. This decline is a significant shift in the US housing market. The slump is expected to impact the economy and homeowners.