Half of Americans struggling to afford housing, survey finds [Video]

Many Americans are struggling to keep a roof over their head amid the high cost of housing in the U.S.

About half of homeowners and renters said they have periodically struggled this year to afford their mortgage payment or rent, according to a recent survey from online real estate broker Redfin. To keep up with their housing payments, some homeowners and renters report selling their belongings, picking up overtime shifts, canceling vacations, working a second job and even skipping meals. 

The cost of housing in today’s market means “some families can no longer afford other essentials, including food and medical care, and have been forced to make major sacrifices,” Chen Zhao, economics research lead at Redfin, said in a statement. 

Redfin based its findings on a survey of roughly 3,000 homeowners and renters in February.

A 2023 surveyfrom Clever Real …