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The New American Dream: Who Can Still Afford a Home?
The housing market is undergoing a significant transformation, with a widening gap between median income and the cost of homeownership. This analysis, based on data from the National Association of Realtors (NAR) and other sources, reveals key demographic shifts. A Market Shift First-time buyers are facing historic hurdles. In 2024, they represented a record-low 24% of all buyers, a sharp drop from 32% in 2023. This is the lowest share since 1981, and it means repeat buyers
Beyond the Blueprint: Solving the Housing Crisis for Today's Young Adults
The End of an Era: The Housing Dream Is Changing As an architect who has lived in this country for over 25 years, and as a parent of two young adults, I've witnessed a lot of change in my industry and heard conversations between my kids and friends about how unreachable the dream of homeownership will be for them. For decades, I've designed hotels, casinos, multi-family homes and more, watching Las Vegas grow from a desert landscape. But today, something is fundamentally diff
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