By nearly every metric, it’s getting harder to buy a home in the United States.
In Tampa Bay, the median home price shot up about 14% to $398,000 in just the past four years, according to data from Florida Realtors. Wages have not kept up, leaving more would-be buyers trapped renting.
Across the country, the median age of first-time buyers is now 40, according to data from the National Association of Realtors. That’s a far cry from 1980s, when most first-time buyers were in their late 20s.
This month, President Donald Trump voiced his support for a potential fix: a 50-year mortgage .
In a post on Truth Social, Trump compared the idea to the creation of the 30-year mortgage under President Franklin Roosevelt. That innovation helped make homeownership the norm in the United States.

Orlando Sentinel

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