President Trump returned to the White House with pledges to address the housing shortage and affordability crisis. But his moves to crack down on trade policy, immigration and the size of the federal government threaten to compound the strain on homeowners he has vowed to ease.

The Trump administration is halting a $1 billion program that helps preserve affordable housing, threatening projects that keep tens of thousands of units livable for low-income Americans, according to a document obtained by The Associated Press.

The action is part of a slew of cuts and funding freezes at the U.S. Department of Housing and Urban Development, largely at the direction of President Donald Trump and Elon Musk’s Department of Government Efficiency, that have rattled the affordable-housing industry.

The Biden administration released a new report Friday showing that homelessness in America increased by 18% in 2024, partially attributing the spike to the huge influx of immigrants settling in the country.

The nation’s homelessness problem worsened again this year.

A record estimate of 771,480 people were homeless in the U.S. in 2024, an 18% increase from a year earlier, fueled by factors including an influx of migrant families, a lack of affordable housing and natural disasters, according to the Department of Housing and Urban Development....

More Americans were homeless this year compared with 2023 as families continued struggling to afford rent and other basic necessities, federal officials announced Friday.

Across the U.S., more than 771,800 people lived without housing in 2024, according to a count taken annually on a single night in January. The number for January 2024 is 18.1% higher than in 2023, when officials counted about 650,000 people living in homeless shelters or in parks and on streets. In 2022, the population of people experiencing homelessness was about 580,000.

(NewsNation) — Monthly housing costs have skyrocketed in recent years. Now, homebuyers in the states that will decide the upcoming presidential election are paying almost double what they were four years ago, according to new Redfin data.

The median monthly housing payment in battleground states has nearly doubled since the 2020 election, increasing 92% to an all-time high of $2,161.

Findings from Redfin show the median U.S. home sale price soared to $397,954 in June – a nearly 5% increase from a year earlier. That marks the highest level on record and the biggest annual increase since March.

The monthly mortgage payment at that price, when accounting for the 6.86% median interest rate for a 30-year mortgage, is now $2,749. That is roughly $88 shy of April's record, thanks to a slight drop in mortgage rates.

Homes sold below their list price at the peak of the housing season, Redfin reports, a development that could shift the real estate market to the buyer’s advantage.

The typical home that sold during a four-week span in May and June went for 0.3% less than its asking price, according to the real estate brokerage Redfin.

That data point matters, housing experts say, because the market hits its annual peak in late spring and early summer. In the last few years, the average home sold at or above list price at that time of year. This year, it did not.

Home prices in the United States have hit an all-time high, new figures show.

The median sale price as of June 2024 was $397,954 – an almost 5 percent year-over-year change – the biggest increase since March this year and taking the level to an all-time high, according to data from Redfin. The National Association of Realtors (NAR) also said that median sale prices have climbed to record highs this year.

The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years.

Treasury Secretary Janet Yellen promoted the new investments on Monday during a visit to Minneapolis. The investments include providing $100 million through a new fund to support affordable housing financing over the next three years, boosting the Federal Financing Bank’s financing of affordable housing and other measures.