Latest / Wilmington News Today | 2 Min News | The Daily News Now!
Homeownership Dream Shrinking | Wilmington News
A new report from Open The Books reveals that despite $500 billion in federal housing spending over the last decade, home prices have surged far faster than incomes across all 50 states—creating a widening affordability gap. In 48 states, prices outpaced income growth by double digits, and 17 states saw price increases leap ahead by more than 50%. HUD’s programs showed little impact on this trend, pointing instead to local barriers like zoning laws as key culprits. With first-time buyers aging and down payment savings stretching years, the American Dream of homeownership feels increasingly…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.