Homeownership has become far more expensive since 2019, with emergency repairs up 175%, maintenance up 85%, insurance up 72%, interest up 35%, property taxes up 31%, and principal payments up 22%, per WSJ:
US home prices just hit an all-time high with 30-year mortgages at 6.55%.
10 years ago, the average new home cost $350,000 and rates were 3.5%.
Today, the average new home costs $540,600 and rates are 6.55%.
With 20% down, the mortgage payment has more than doubled, from $1,257 to $2,748/month.
Meanwhile, 49% of Americans under 30 now live with a parent, up from 37% in 2019.
Crazy numbers.
Spring housing showing modest improvement: 18% of homes sold above list in March, offers held steady at 2.2 per listing, and closings remained fast at 30 days, signaling continued market resilience.
November 2025 brought 4.13 million in sales, a median sales price of $409,200, and 4.2 months of inventory. The median sales price is up 1.2% year-over-year, and inventory was up 0.4 months from November 2024. #NAREHS
https://t.co/VlUzpixVbB
88% of home buyers and 91% of sellers use real estate agents to navigate the market, negotiate deals, and achieve their dreams. Trust in agents remains high, while FSBOs hit a low of 5%. Find more insights from NAR's 2025 Profile of Home Buyers and Sellers: https://t.co/fu61F6Bm7K
To return to 2016-2019 levels of home affordability, 3 things must happen per Fannie Mae:
- Median price of a single family home would need to follow 38%;
- Median household income would have to rise more than 60% to $134,500
- Mortgage rates would have to fall 2.3% from 6.%
The top buyer’s markets across the US, per Zillow:
1. Miami, Florida
2. North Port, Florida
3. New Orleans, Louisiana
4. Urban Honolulu, Hawaii
5. Deltona, Florida
6. Jacksonville, Florida
7. Austin, Texas
8. Jackson, Mississippi
9. Palm Bay, Florida
10. Tampa, Florida
🚨Housing affordability just hit a new all-time low.
The median American household now needs to spend 48% of their income to buy the median-priced home — worse than the peak of the 2006 bubble.
Video Discussion: https://t.co/mCjRZ3Rhm7
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