June 29, 2017
- The U.S. is no longer an affordable place because many of the low-cost units no longer exists across the country. In an article that analyzes recent housing reports entitled, “Our Disappearing Supply of Low-Cost Rental Housing,” an analyst finds the number of units available units under $800 have drastically declined while the number of units available above $2000 have increased “three-fold.” The article further notes the growing trend in many of the U.S. largest metropolitan areas such as Denver, CO.
- Harvard’s Joint Center for Housing Studies recently released a report titled “State of the Nation’s Housing.” In their report, ten new trends illuminate. The most availing trend is the lack of homes available to buyers. In the last ten years, the inventory of homes has been at its lowest point. Why one may ask? Fewer homes are built and many individuals are not selling their homes.