The U.S. housing market is currently experiencing a significant affordability crisis that has led to a historic rise in the median age of first-time homebuyers, which now stands at 40 years. This alarming trend, reported by the National Association of Realtors, highlights a growing divide in the housing market, where younger buyers, including millennials and Generation Z, are increasingly priced out. The share of first-time homebuyers has fallen to a record low of 21%, revealing that many potential buyers are unable to enter the market. As older generations dominate homeownership, the demographic dynamics of homebuyers are shifting dramatically, with first-time buyers facing unprecedented challenges. The National Association of Realtors is calling for urgent action to improve housing affordability and support young families looking to achieve homeownership.