Thursday, February 6, 2020

Harvard Report: Higher-Income Households Driving Rental Demand via Multifamily Executive Magazine

The nation’s affordability crisis is not just affecting the lowest bracket of renter households, it’s climbing the income ladder to impact more modest-income households, according to the “America’s Rental Housing 2020” report by Harvard’s Joint Center for Housing Studies (JCHS).

“Ultimately, we are in a rental affordability crisis,” says Whitney Airgood-Obrycki, a research associate at the JCHS. “We have seen another worsening of the affordability crisis this year, evident in the rising cost-burdened numbers as well as the increasing numbers of people experiencing homelessness.”

Read more...Harvard Report: Higher-Income Households Driving Rental Demand via Multifamily Executive Magazine

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