According to a Redfin survey of 2,000 U.S. residents, housing affordability is one of the major issues that are crucial to this year’s election, followed closely by crime and safety statistics, local abortion laws and LGBTQ protections. With record-high monthly mortgage payments and inflation continuing to rise this year, 41% of Americans surveyed said that their financial situation has improved, a 9% drop from 2020. Housing affordability concerns go beyond just the individual level, as most voters responded that they care about keeping housing affordable and roughly one-third support dense housing.
A record share of homebuyers are moving from one metro area to another as many Americans have the flexibility to work remotely and expensive places get more expensive. Many relocators are sorting themselves into areas where they agree with local politics.
Advertisement
Related Stories
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
Off-Site Construction
New Study Examines Barriers and Solutions in Manufactured Housing
The study from Harvard's Joint Center looks at the challenges faced by developers using manufactured housing and how they're overcoming those barriers