The housing squeeze is quietly reshaping where Americans can live and work

Finding an affordable place to live right now is a challenge—but it’s one that different groups of Americans are grappling with in a variety of ways. A new report from Realtor.com explores the distinct barriers to affordable housing that renters face in an economy that has many budgets stretched thin. In the analysis, which draws on 2024 surveys of the country’s 100 biggest metro areas, Realtor.com found three distinct groups emerge in the U.S. rental market data: young renters, family renters, and long-term renters. The one thing those groups share in common? Making decisions about where to live is an exercise in financial survival these days—not a lifestyle choice. “We often hear that today’s renters are choosing to rent because they don’t want to be homeowners or are choosing to be ‘forever renters’, but in order to understand what’s holding renters back, we need to know who they are, where they are, and why they’re renting,” said Realtor.com Chief Economist