U.S. home prices rose over 23% from 2020 to 2025, with high mortgage rates and inflation worsening affordability. The housing supply is short by 1.5 to 7.3 million units due to underbuilding since the Great Recession. The median home age reached 43 years in 2024, with older homes costing more to maintain and more common in the Northeast. Newer homes are concentrated in fast-growing Sun Belt states.
Continue to full article