"Americans collectively hold almost $35 trillion in housing wealth, a nearly 80% increase since early 2020 (Federal Reserve). Yet, despite this unprecedented equity accumulation, many homeowners feel less financially secure than ever. A recent Hometap survey found that almost half (54.5%) of homeowners report feeling financially stressed, with 46% citing rising housing costs as their top concern. This contradiction is at the heart of today's housing market, where aspiring buyers face soaring entry costs"
"Home prices surged 47% between February 2020 and February 2025 (The Wall Street Journal), driven by a persistent supply-demand imbalance. The U.S. housing supply gap reached nearly 4 million in 2024 (Freddie Mac), stemming from factors including the lock-in effect, where homeowners with low mortgage rates are reluctant to sell, rising costs that slowed new construction, and restrictive zoning regulations."
Americans collectively hold nearly $35 trillion in housing wealth, roughly an 80% increase since early 2020, while many homeowners report financial stress. A Hometap survey found 54.5% of homeowners feel financially stressed and 46% cite rising housing costs as their primary concern. Home prices rose 47% between February 2020 and February 2025 amid a persistent supply-demand imbalance. The U.S. housing supply gap reached nearly 4 million in 2024 due to the lock-in effect, higher construction costs, and restrictive zoning. Sixty percent of households cannot afford a $300,000 home, leaving many young professionals renting and homeowners feeling wealth is illiquid. Alternative financing options could help preserve access to homeownership.
Read at www.housingwire.com
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