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Harvard: US Housing Crisis, Record Homelessness Hits 770,000

6/29/2026

30 4 Full Breakdown

Summary

Story summary

Harvard’s 2026 report declares the U.S. housing market in crisis, with the median new home price at $417,400 in 2025.
Existing-home sales fell to three-decade lows as weak jobs, high debt and low sentiment reduced demand.
Federal rental aid covers only one-quarter of very low-income renters, leaving 13.8 million people unassisted.
Homelessness reached a record 770,000 on a night in January 2024, a 33 percent increase.

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Story summary

Harvard’s 2026 report declares the U.S. housing market in crisis, with the median new home price at $417,400 in 2025.
Existing-home sales fell to three-decade lows as weak jobs, high debt and low sentiment reduced demand.
Federal rental aid covers only one-quarter of very low-income renters, leaving 13.8 million people unassisted.
Homelessness reached a record 770,000 on a night in January 2024, a 33 percent increase.