When I was growing up, the median age of a first time homebuyer was 29 years old. Today it's 40 years old. Since then, the median home price has increased by more than 400%. As a result, Nearly 75% of U.S. households cannot afford the typical price tag of a new home. Homes are simply too expensive for many Americans. And burdensome federal government regulations are a major driver of these rising costs. The Biden administration mandated mountains of red tape dictating what Americans have to put in their homes. (00:35–00:42)
CLAIM
Asserts that 75% of U.S. households cannot afford a new home.
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