The U.S. housing market is undergoing a notable shift as more Americans are becoming priced out of homeownership, with homeowner households declining for the first time in nine years. April 2025 data reveals a record imbalance with 490,000 more sellers than buyers, totaling 1.9 million sellers compared to 1.5 million buyers, indicating a shift toward a buyer's market and increased pressure on housing prices. This trend is raising concerns about long-term societal implications. In response, bipartisan legislative efforts are underway to address housing affordability. Senators and representatives, including Tina Smith, Zach Nunn, and Elizabeth Warren, are advocating for reforms such as the Rural Housing Service Reform Act, which aims to lower costs and expand affordable housing options, particularly in rural areas. Treasury official Bessent has also identified fixing the housing affordability crisis as a major priority for the upcoming fall season. These initiatives focus on providing states and localities with tools to reduce building costs and increase housing supply amid rising housing expenses that are straining families nationwide.