"The typical single family home in the United States was listed for $440,950 in June 2025, marking an increase of over 47% since early 2020."
"An estimated 75% of U.S. households are unable to afford a typical home in today's market, contributing to a housing affordability crisis."
"While home prices have surged, median wages climbed by only 1.6% since early 2020, exacerbating the affordability issue."
"Notably, there are cities in most states where home prices are less expensive today than they were a year ago."
Home prices in the U.S. have surged, with a typical single-family home listed at $440,950 in June 2025, a 47% increase since early 2020. Despite rising prices, wages for full-time workers grew only 1.6% after adjusting for inflation, leading to a housing affordability crisis affecting 75% of U.S. households. Location has a significant impact on home prices, with some cities experiencing decreases, while the overall trend shows prices continue to climb, particularly amid high mortgage rates.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]