The American dream of homeownership is slipping away for many, as the gap between wages and home prices continues to widen. In the 1970s, home prices aligned more closely with income levels. Today, escalating real estate costs—particularly in high-cost areas—are pricing millions of Americans out of the housing market.

One potential solution? Extending the traditional 30-year mortgage to 40 or even 50 years. This could provide the financial flexibility needed to make homeownership achievable for those priced out of the current market.

California: A microcosm of the crisis

California illustrates the severity of the affordability crisis. As of May details ⇒

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