Housing

Newsweek-  Typical home prices across the U.S. rose 37.5 percent overall in the past five years, according to a new report. The analysis of cities by Realtor.com between May 2019 and May 2024 was compiled using the real estate site's latest monthly housing report and comes amid record-high home prices and soaring mortgage rates.

Planetizen -  According to a new report from Redfin, nine in 10 adult members of Generation Z say housing affordability will be a key factor when they head to the polls in the upcoming U.S. presidential election. However, Housingwire reporter Chris Clow notes, “The importance of the housing affordability issue did not fall below 80% for any surveyed generation. While maintaining a 91% share for Gen Z, it also garnered 87% and third place for millennials; 83% and fourth place for Gen Xers; and 80% and sixth place for boomers.” It is any wonder, as — despite low unemployment and rising wages  —  just 15.5 percent of homes for sale in 2023 were affordable for the typical U.S. household and half of renter households spend more than 30 percent of their income on housing? Affordable starter homes for younger generations are particularly in short supply.