A Rocket-powered Redfin survey found that 49% of U.S. residents struggle to afford their rent or mortgage, up from 44% in a comparable May 2025 survey. Gen Z is hit hardest, with 67% reporting difficulty making housing payments, reflecting persistently high home prices and mortgage rates. The report also notes many households are cutting back on spending or taking extreme measures such as skipping meals to keep up with housing costs, though Redfin expects affordability to improve modestly as rates ease and wage growth outpaces housing costs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260224984228) on February 24, 2026, and is solely responsible for the information contained therein.