Restoring the American dream of homeownership

For many people, the dream of homeownership is out of reach. Generations of Americans have built not only their financial security, but also their lives and families, around their homes. But today, costly red tape is driving up home prices, making homeownership far too difficult for hardworking families.

The high cost of housing has forced many people to delay buying a home until much later in life. The median sale price of a new home now exceeds $400,000. The average age of first-time homebuyers has climbed from 29 years old in the 1980s to 40 years old in 2024. The median age for all homebuyers has increased to 59 years old.