It’s Time to Put American Families First in the Housing Market
- Media
- 5 days ago
- 1 min read

We hear it constantly—"there’s a housing crisis" or "we need more affordable housing." But while politicians throw around buzzwords, few are willing to confront the root causes driving this crisis.
A major reason young families can’t afford to buy a home today is because they’re being outbid—not just by higher prices, but by foreign buyers and large corporate investment groups that see homes as financial assets instead of places to raise a family.
In the first half of 2025 alone, investors accounted for nearly 30% of all single-family home purchases—the highest level ever recorded. That’s not right. Homes should be for people, not Wall Street portfolios or overseas speculation.
At the same time, sky-high interest rates are freezing the market. They’re locking in older homeowners who might otherwise sell and preventing first-time buyers from even stepping in. Just look at the numbers:
Average starter home: $512,800
Monthly mortgage at current rates: $4,112.77
Total paid over 30 years: $1,480,957.20

That means a young couple trying to buy their first home could end up paying nearly $1 million more just because of interest and fees. For too many, the American Dream isn’t slipping away—it’s already out of reach.
We need bold action to fix this:
Prioritize homeownership for American citizens
Crack down on foreign and corporate investors
Lower interest rates to get the market moving again
Incentivize starter home construction so families can build wealth and stability.
This isn’t just about housing—it’s about restoring the foundation of the American Dream.
Let’s put American families first.

By Jim Desmond | August 21, 2025 | Desmond for Congress
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