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“70% of Americans said young adults today have a harder time buying a home than their parents’ generation did.”
The median price of a new home in 2021 increased to $408,100
There is a deficit of 7,000,000 homes needed to satisfy demand
Lead times start at 9 months and are going as high as 18 months
Currently, affordable housing in the USA has no solution
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U.S. home prices were up 7.1% in 2021
The current median price is $408,100
The number of homes sold has gone down 19.9% year-over-year
The national average 30-year fixed rate mortgage rate is at 7.2%* and up 440 basis points (or a gross 4.4% year-over-year)
