In the 2024 election, home prices and affordability crisis take center stage, becoming vital campaign topics in key swing states like Nevada. President Biden and Donald Trump clash over housing proposals, reflecting the significance of this issue for voters.
The housing affordability crisis is severe, with soaring prices and rent burdens straining Americans. Median home prices increased by 28% since January 2021, while the home price-to-income ratio hit a record high. High rental costs make it challenging for renters to save for a home, influencing their financial stability and dreams.
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