Gen Z and Millennials have made a risky bet on housing. Here's why. https://t.co/BX4tcg9ZcR
.@SenTinaSmith on current factors making homeownership difficult for many: Learn more: https://t.co/6VdDKCMItv #AxiosLive https://t.co/TFnMmtG10V
.@BPC_Bipartisan's @DennisCShea_ on legislative efforts to improve housing affordability: Watch more: https://t.co/6VdDKCMItv #AxiosLive https://t.co/gRG5TPH6Dl
Homeownership affordability in the United States has reached its lowest level on record as of June 2025, primarily due to rising home prices, according to the Atlanta Federal Reserve. This decline has contributed to a decrease in U.S. homeowner households for the first time in nine years, with a shortage of first-time homebuyers unable to offset older homeowners aging out of ownership. Factors such as escalating costs associated with homeownership, including those exacerbated by climate change, have further strained affordability. Additionally, the involvement of private equity firms like Blackstone purchasing large numbers of single-family homes has influenced market dynamics. Legislative discussions are ongoing, with figures such as Senator Tina Smith and Dennis Shea of the Bipartisan Policy Center addressing the challenges and potential policy responses to improve housing affordability. Younger generations, particularly Gen Z and Millennials, are taking on considerable risks in the housing market amid these conditions, which could have long-term societal implications.
