Reported 4 months ago
A Redfin survey shows that 91% of Gen Z adults prioritize housing affordability as their top voting issue for the upcoming 2024 election, influenced by high mortgage rates and low inventory levels. Redfin's Chief Economist emphasizes the need for increasing supply to sustainably address affordability, noting that short-term rental affordability may improve in areas with growing inventory. Homebuyers are advised to prioritize affordability when making purchase decisions in the current market environment, as the housing market continues to face challenges amidst inflation pressures.
Source: YAHOO