Our nation is facing a housing affordability crisis. 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% [since then]. 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. (00:30–00:34)
CLAIM
Asserts that the median home price has increased by over 400%.
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