Cracks in the Foundation: A Housing Crisis Threatening Our Communities
Friends, I was looking over the latest housing market data, and frankly, it’s pretty concerning. We’re talking about more than just economic trends here; we’re talking about people’s ability to find a place to call home. The market might look complicated with all its ups and downs, but the bottom line is, it’s getting harder for many good folks to secure stable housing, and that’s a problem we all need to pay attention to.
Here are the hard facts we need to understand:
- Existing home sales are down sharply (8.4% month-over-month, 4.4% year-over-year), signaling a frozen market where opportunities for new buyers are stalling.
- The median home price remains stubbornly high at nearly $400,000, keeping homeownership out of reach for countless working families and first-time buyers, despite slight improvements in overall affordability.
- Though inventory has seen a small bump, we’re still firmly in a seller’s market, with current homeowners holding onto their low mortgage rates, which limits available homes for those desperately seeking one.
This isn’t just about numbers on a spreadsheet for economists. This is about families struggling to find a safe, affordable place to live. It’s about young couples unable to put down roots, or single parents working hard but still getting priced out. When home sales stall and prices stay sky-high, it means more people are left out in the cold, quite literally. This crisis isn’t happening in some far-off place; it’s right here, in our towns and neighborhoods. As people called to care for the "least of these," we simply cannot ignore the growing struggle for basic shelter that’s unfolding in our own backyards.
This story was analyzed for Christ P2P. You can read the original reporting here: https://www.newsweek.com/us-facing-potential-new-housing-crisis-11517328
