An issue with the housing market I never see mentioned, look at new houses being built, they are never anywhere remotely close to starter home size/price. So even as we build houses, we are just fueling more inability for people to buy a first home. Houses are either being built at 'finally got debt paid off and into good paying stable jobs' prices or a huge portion are 'debt is gone, great jobs, dual income, either really wealthy or no kids' type houses'.
I don't expect $150k houses to be built, but essentially every house in my area that is new build or close to it for sale or sold is pushing $100k over the median price for area/state.