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I'm Katrina Campans, and this is the Fox Business Rundown.

Owning a home remains a crucial part of the American dream. But with today's high mortgage rates and low housing supply, many Americans looking to buy are finding themselves priced out of home ownership entirely.

Anything we can do to make it easier to buy a home will be good for those households that

right now don't exist and, you know, will help people get out on their own, which would

ultimately be good for the economy.

U.S. housing is a seller's market right now, as the median price for homes sits near a record

high, and the issue of housing inventory

continues to be a problem pushing costs even higher but this issue is not new in fact this follows

the trend from 2024 when u.s home sales fell to a near 30-year low.

In a Fox Business American Dream survey, 92% of both homeowners and renters agreed that the cost of homeownership is a significant barrier to buying your first house.

To bring America back into a buyer's market, experts agree we'll have to see more homes being built,

more supply, more options for first-time home buyers to choose from. You'll remember the issue of housing affordability quickly became a major focus on the 2024 presidential campaign trail,

with President Trump running on the promise to open more federal

land for housing and to slash building regulations that tend to heavily slow most new building

projects. President Trump has already announced a new task force, which plans to expand

affordable housing on federal land with White House

Assistant Press Secretary Taylor Rogers, saying that the president intends to end the

housing affordability crisis that America has found itself in. But for now, achieving the

American dream remains a lofty goal and many folks are

...