Harvard's State of the Nation's Housing report has grim news about housing affordability.
The lower end of the rental housing market continues to lose ground, according to the new The State of the Nation’s Housing report by the Joint Center for Housing Studies of Harvard University.
Modestly priced rental units available for under $800 declined by 261,000 between 2005 and 2015, with most of the loss occurring at the lowest rent levels. At the other end, the number of units renting for $2,000 or more surged by 1.5 million.
The shift in the rental stock toward the high end of the market is also clear from the 32% rise in real median asking rents since 2000, says the report...................Read More
Modestly priced rental units available for under $800 declined by 261,000 between 2005 and 2015, with most of the loss occurring at the lowest rent levels. At the other end, the number of units renting for $2,000 or more surged by 1.5 million.
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