The Joint Center on Housing Studies at Harvard University recently released the 2011 State of the Nation's Housing report.
Among the many issues the report covers is the growth in the rental market. According to the report, some renters are waiting for the tumult in the housing market to buy housing; similarly, some owners - after being affected by the housing crisis - have come back into the rental market. This has caused significant growth in the rental market since the onset of the housing crisis.
The report advises that the scenario for low-income and very low-income renters remains dim. Rising rents and diminishing affordable housing supply paint a bleak picture for people and families in the bottom income quartile. This is coupled with a decrease in real incomes for the low-income population and dim prospects of any federal assistance or intervention.
To access the complete report, please visit:
Harvard University: Joint Center for Housing Studies: The State of the Nation's Housing 2011
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