Housing & rental market pressures: affordability remains tight

While the housing market has seen some relief in mortgage-rate movements, many households still face rising rents and tight affordability. 

Key points:

Rental rates are growing faster than inflation in many metropolitan areas. 

Many potential buyers remain priced out or are delaying because of high rates and home-price levels.

The housing market remains a major part of household finances; stress here can ripple into broader consumer spending and credit.

For many Americans with less wealth buffer, this remains a major financial strain.