New Study Reveals How Much Young People Have to Struggle to Buy Homes

Houses now cost 3.5 times their median income.

The national median price for a house is now three times higher than the median household income for Americans under 40—an obvious explanation for why nearly all young people say it’s harder for them to buy a home than it was for their parents.

A study from the Pew Research Center released Wednesday shows home prices spiking tremendously in the beginning of the 2010s, and median home value rose 30 percent (from $269,600 to $350,000) from 2019 to 2024. This surge occurred at almost three times the pace of median income, which has risen very slowly.

NEW from @pewresearch.org: The median home price in the US is now 3.5 times the median household income for young adults. That may be why 89% of US adults under 40 say it's harder to buy a home today than it was for their parents' generation. www.pewresearch.org/short-reads/...[image or embed]— John Gramlich (@johngramlich.bsky.social) June 24, 2026 at 1:28 PM

NEW from @pewresearch.org: The median home price in the US is now 3.5 times the median household income for young adults. That may be why 89% of US adults under 40 say it's harder to buy a home today than it was for their parents' generation. www.pewresearch.org/short-reads/...[image or embed]

Pew also noted that a whopping 89 percent of Americans under 40 think their parents had an easier time buying property—and that 60 percent of metro areas in the U.S. were classified as “unaffordable.”

This comes as President Trump canceled the signing of the 21st Century Road to Housing Act on Wednesday—the largest bipartisan housing affordability bill in decades—to pressure Republicans into passing his anti-voting rights SAVE America Act. The housing affordability crisis seems to be on everyone’s list of priorities except the president’s.

Trump Responds to Housing Question With Rant About Communist Takeover

The president is going nuts over Tuesday’s election results in New York.

President Donald Trump is evidently still reeling from the results of last night’s congressional primaries, especially in New York, where multiple democratic socialists won their races.

After posting on Truth Social Wednesday that he was refusing to sign a bipartisan housing bill until the Senate passed his unpopular voting reform bill, the SAVE America Act, the president spoke to reporters on Capitol Hill before a lunch with Senate Republicans—and quickly veered off topic.

One reporter asked, “Buying a home is unattainable for so many Americans. Is this election legislation more important to you than resolving the housing crisis?”

“Every election is important, we’re doing very well,” Trump responded. “They want a lot of Communists to come in.… The people that they’re pushing are Communists, and this country is not going to have Communists.”

asked about high housing costs and why he won't sign the housing bill, Trump immediately pivots to ranting about "communists" and says, "this country is not going to have communists" (in other words, rigging elections for Republicans with the SAVE Act is more important to him… pic.twitter.com/bVKphElGBF— Aaron Rupar (@atrupar) June 24, 2026

asked about........

© New Republic