Trump Withholds Housing Bill as US Home Prices Hit Record $440,600

3 articles · Updated · Common Dreams · Jul 9

$440,600 became the new median price for existing US homes in June, intensifying criticism of President Trump for still not signing a bipartisan housing bill passed more than two weeks ago.
The National Association of Realtors said stalled inventory growth is keeping affordability under pressure, with limited supply allowing prices to keep accelerating.
The 21st Century ROAD to Housing Act would curb large investors' purchases of new single-family homes and create a $200 million annual grant program to expand housing supply.
Trump has insisted the bill be paired with the SAVE America Act, drawing fresh attacks from lawmakers including Elizabeth Warren and Amy Klobuchar, who said the housing measure already has broad bipartisan and public support.
The standoff lands as housing demand is already strained by roughly 6.5% mortgage rates and weaker sales, leaving affordability squeezed by both financing costs and scarce supply.