Gen Z and Millennials Face Housing Affordability Challenges: Rocket Companies Inc Report

Rocket Companies Inc's report highlights financial struggles faced by Gen Z and millennials in affording housing, with 70% of young renters and 41% of young homeowners struggling with housing costs. Many are making sacrifices, such as reducing dining out and vacations, to meet their housing expenses. However, there are signs of improving affordability in some US metro areas, with mortgage rates dropping and more negotiating power for buyers. Redfin's integrated homeownership platform aims to make homeownership more accessible and affordable.