the staff of the Ridgewood blog

Ridgewood NJ, The American dream of homeownership is slipping away for middle-income families in 2025. With home prices skyrocketing and affordable housing options dwindling, households earning around $75,000 annually can afford just 21% of listings—less than half of what was available pre-pandemic, according to the National Association of Realtors. This alarming trend, coupled with declining construction and rising costs, is reshaping the U.S. housing market. For a closer look at how these national pressures are playing out locally, recent market trends in Ridgewood show continued price pressure and limited inventory, reinforcing how difficult it has become for middle-income buyers to compete. A new report from Construction Coverage highlights where affordable housing is being built and what it means for buyers. Here’s what you need to know about the 2025 housing affordability crisis and the areas fighting back with lower-cost homes.

Continue reading 2025 Housing Crisis: Middle-Income Buyers Locked Out as Prices Soar