How Affordable is Housing in Your Congressional District?
In looking at housing affordability across the nation’s congressional districts, we found home values and rents tend to be higher along the coasts and in denser, urban communities, regardless which party represents a given community in Congress.
Rent Affordability by Tier: High Rents Aren’t a Problem If You Earn Enough to Afford them
As growth in rents outpaces growth in incomes, rent affordability (the share of the typical American’s income that goes to rent) has steadily deteriorated over the past five years – from a historic average of 26 percent, to roughly 30 percent currently. But focusing only on medians can sometimes hide more than it reveals. In this case, there are sharply different trends at the top and at the bottom of the market.
A Crack in the Code: Why Even Some Tech-Employed Renters Can’t Find Affordable Housing
Just because the average tech renter is doing OK, we shouldn’t think everyone in the field is having an easy time making ends meet.
Why Presidential Candidates Aren’t Talking About Housing Affordability (Yet)
Housing affordability has not been a main issue, so far, in this presidential election cycle. There are several good reasons why, but among the easiest potential explanations is this: Candidates have simply not yet really begun campaigning in the states where housing affordability is at its worst.
Rising Rents Impact Rental Affordability & Pose Challenges to Homeownership, Too
Comparatively low monthly mortgage payments, coupled with increasingly expensive rents, continue to make homeownership a relative bargain to millennials and other potential home buyers. But there’s a catch.
Experts Explain Why Rent Control Doesn’t Work, and Homeownership Won’t Keep Falling
Almost two-thirds of experts say rent control policies are “government intrusions into the marketplace that, however well-intentioned, always create more problems than they solve.”
