According to @charliebilello, the share of first-time US homebuyers fell to a record-low 21 percent this year, highlighting extreme housing unaffordability. Source: @charliebilello on X, Nov 9, 2025. He states the current US housing market is the most unaffordable in history, underscoring pressure on demand from new entrants. Source: @charliebilello on X, Nov 9, 2025. He also links a video on how to make housing affordable again, which traders in housing-related equities and rates can review for potential policy catalysts and sentiment shifts. Source: YouTube https://www.youtube.com/watch?v=mABvGksry_k via @charliebilello on X, Nov 9, 2025.