Housing crisis turns US into nation of renters
The US housing market has entered a deep freeze, with record-low home sales and rising fears that America is becoming a nation of renters.
Only 2.5 percent of US homes changed hands between January and August 2025, according to Redfin.
That is just 25 per 1,000 and is the lowest in at least 30 years. During the 2021 pandemic boom, that figure was closer to 40 per 1,000.
Existing-home sales in 2024 fell to the lowest since 1995, even as prices continued climbing — the national median home price hit $407,500, up nearly 5 percent year-on-year.
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