Welcome to Red Meat, a collection of the tastiest tidbits from Odyssey's conservative news talk radio stations across the country,

a place where we're not afraid to dig in. Today, we're going to take a second to cry in Millennials,

which sounds like the whisper of snowflakes hitting the ground. Okay, I'm joking. Really, we're going to talk about the housing market.

A new report this week shows that prices in the U.S. continue to rise, making it increasingly difficult

for Americans to afford homes. Over the past five years, the median price for an existing home is up by more than 42%.

That's about twice the rate of inflation.

And there's the mortgage rate, too, which remains high.

According to Freddie Mac, the average 30-year fixed-rate mortgage is 6.75%.

The income needed to qualify for a mortgage on a median priced home in the U.S.

is around $117,000. Take that in. Your salary has to be into the six figures to buy an average

house. And in California, it's much higher at around $213,000 in salary required to buy a median

priced home.

Is it time to give up and just tell the next generation to buy the avocado toast?

So that's where we are.

But let's kick things off with a little bit of history about how we got here.

Here's Tara Savasius reporting from the end of the Biden administration on what was going on.

The Democrats taking a victory lap on, hey, we got inflation down.

Okay, well, no, you didn't for housing.

7.8 percent. That's staggering. It hasn't budged in a couple of years.

So for housing, that's it.

Unless you're stuck in a house because you can't buy a new one because, you know,

you got that 2, 3% interest rate on the house.

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