An initial house now costs $ 1 million to half the states in the United States, reveals report

• Buy an initial house As a buyer for the first time, he is supposed to be exciting and recognizing financial safety. But in addition to North -American cities, getting a boot house is even further out of reach, given the $ 1 million barrier at the entrance to hundreds of cities.

A new housing report reveals that the goal of becoming a first-time housing buyer is even higher than hundreds of cities in the United States.

Application of the Home Platform Zillow report There are now 233 locations in the United States, where it is simple ”Starter at home” – A smaller and less expensive route to a larger house will now take you a million dollars or more. The increase represents a dramatic increase of five years ago when there were only 85 cities with dollars boot houses. The implications include significantly higher payments, high monthly mortgage payments and more difficulty for low and medium income buyers.

And it is not just a problem of California, he wrote Anushna Prakash, an economic analyst at Zillow. New York, New Jersey, Florida, Massachusetts, Washington and Texas, has club cities of dollars at home. This is even more evidence that the crisis of housing accessibility is “here to stay”, according to New investigation of Oxford Economics.

In an informative session this month, the firm reported that the National Housing Accessibility Index (HAI) was 72.8 in the last quarter of 2024, which means that a home that earns the US Median Income of about $ 80,000, had only 73% of the money it would need to allow an average price house. This means that a potential housing buyer would need to rise about $ 30,000 to work it at this price of the house.

And there are no quick solutions on the horizon, according to Oxford Economics. Even if home prices are maintained this year, HAI is not expected to approach the accessibility threshold until after 2035. Other factors such as the lower property tax and the lower insurance, the inventory of low homes and the poor perspectives for lower mortgage rates are also the main factors.

According to Economic data of the Federal ReserveThe average housing price has increased by 31% in the last five years. By 2020, the average sales price was $ 317,000 compared to the current average price of $ 416,900. Although this price drops from its end of 2022 of $ 442,600, prices are still significantly higher than five years ago.

Builders also have it signposted President Trump’s rates will not do any favor for housing buyers. Rates The imported goods are expected to have a cost impact of $ 10,900 per home, according to a National Association of Housing Builders and Wells Fargo Housing market rate survey.

Dr. Hortona dollar 39 million housing builder, Estimates of lost earnings this month and reduced the forecast for revenue for the year to $ 34.8 billion from $ 36 million to $ 37.5 billion.

CEO Paul Romanowski told the investors in the sale season in spring house, usually the most busy period for buyers and sellers, is suppressed due to the trust of consumers’ confidence and accessibility problems.

“This year’s spring sale season started slower than expected, as potential housing buyers have been more cautious due to continuous profitability restrictions and a decrease in consumer confidence,” said Romanowski. “” We hope that our incentive levels will remain high and increase further, to what extent it will depend on market conditions and changes in mortgage interest rates. “

This story originally presented to Fortune.com