Summary
A survey found many Americans are delaying having children due to fears of losing their homes amid rising housing costs. Rising home and rent prices have outpaced income growth, making housing less affordable and causing significant stress for families. This housing crisis impacts various life decisions, including family planning and living arrangements.
Key Facts
- A survey showed 67% of Americans fear losing their homes due to rising prices.
- 64% delay having children over concerns about providing stable housing.
- From 2019 to 2024, home prices increased by 48%, much higher than the 22% income growth.
- Rent prices increased significantly during the pandemic and remain high.
- The typical asking rent was $2,007 in August, 2.4% higher than the previous year.
- In August, the median home sale price was $439,198, up 1.5% from the year before.
- Many Americans struggle with rent or mortgage payments, with 44.4% finding it difficult.
- Housing issues have led some to delay children, reduce college savings, or change schools.
