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Redfin: Rising Housing Costs Erase Millennials' Affordability Advantage Over Baby Boomers

By Public Technologies
  • Redfin's Nov. 12, 2026, analysis found elder millennials' homebuying affordability advantage over baby boomers reversed following the pandemic.
  • Since mortgage rates exceeded 6% in 2022, elder millennials faced payments consuming up to 35% of income, versus roughly 25% for boomers.
  • At age 30, elder millennial buyers spent about 27% of income on housing, compared with 36% for boomers.
  • Mortgage rates jumped from around 3% in late 2021 to nearly 7% in late 2022; pandemic home prices had surged about 40%.
  • Falling rates gave boomers decades to refinance; higher borrowing costs left later millennial buyers facing heavier payments, while many prospective buyers were excluded.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.

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