President Joe Biden promised to lower housing costs during his State of the Union address earlier this spring. To date, his plan has been an utter failure.

Just ask Anthony and Caitlin Fumo. A recently married couple with a newborn baby boy, they assumed their combined income would be enough to finance a move closer to their parents. But thanks to Bidenomics, leaving their small rowhome in Philadelphia for a slightly bigger place in Jersey would mean paying almost $2,500 more per month for a new mortgage.

As Anthony recently told The Wall Street Journal: “It feels like we make too much money to still feel like we’re behind.”

Unfortunately, the latest inflation data from the Bureau of Labor Statistics shows that circumstances aren’t likely to improve for families like the Fumos any time soon.

In roughly three years, the median home sales price has more than doubled, increasing 114.5% since Biden took office. Meanwhile, average prices paid by consumers have risen 19.3%, which translates to an........

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