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Story summary
- U.S. home prices outpaced incomes, raising the price-to-income ratio to 3.5 in 2024 as median price hit $350,000, a 30% rise, while median income grew 9% to $100,900.
- First-time buyers accounted for 21% of home purchases in 2025.
- The Urban Institute reported homeownership among adults 25-34 fell from 40% in 2005 to 29% in 2024, while living with parents rose from 12% to 20%.
