Nadia Evangela

In some high-cost areas, like for example San Jose, San Francisco, and San Diego...

have even improved compared to pre-pandemic levels.

It's not just that houses have become more expensive since the pandemic.

It's that there are fewer, cheaper homes.

In 2019, a family making $75,000 a year could afford about half of all home listings.

In 2026, they could afford less than a quarter.

This comes from a new report from Realtor.com and the National Association of Realtors.

Nadia Evangela co-authored the report and says some areas are becoming better balanced.

But she says there's a long way to go to making them affordable.

Stephen Basaja, NPR News.