In an election year, economic concerns always matter. It’s no different this year, and why would it be? And on paper, the economy is doing fine, but that’s not really how it feels for typical Americans, and there’s a reason for that: Housing.
Throughout the pandemic-fueled housing boom and in the aftermath, housing affordability deteriorated at its fastest pace. Home prices skyrocketed, rents soared, and mortgage rates followed, to put it simply. A lot of people can’t afford to buy a home and some can barely afford rent, and that’ll influence voters when they head to the polls. We’re already seeing it unfold: 91% of adult Gen Zers say housing affordability is top of mind as they consider who to vote for in November’s presidential election, according to a Redfin-commissioned survey released today.
