Renter Households Stand to be Hardest-Hit by Unemployment Insurance Expiration
Renter households will be hardest hit by expiring unemployment insurance while Black households likely to shoulder disproportionate burden
Affordability
Almost 3 Million Adults Moved Back Home in Wake of Coronavirus
There were 32 million adults living with their parents or grandparents in April, the highest number on record.
Newly Unemployed Service Workers Owe More Than $1.7 Billion in Monthly Housing Payments
More than 25% of the total housing payments due from U.S. food service workers is owed by those who are newly unemployed during the coronavirus pandemic.
More Than 8 Million U.S. Workers Live in Cities, But Don’t Work There
Asking if work-from-home will push migration to the suburbs ignores millions of workers living in cities not because of proximity to work, but despite it.
Why The Most Favorable Markets for Tech Expansion Aren’t Where You Might Think
Widely recognized tech hubs like San Francisco and Seattle are not the obvious spots for tech companies to expand and/or for new startups to set up shop.
Bold Predictions for 2020: Shrinking Homes and a More Stable Market
We expect a slower market than we’ve become accustomed to the last few years. But don’t mistake this for a buyer-friendly environment.
Sacrifices People Make to Afford the Rent
The U.S. median rent now consumes 27.8% of the country’s median income – nearing the 30% tipping point above which rent is considered unaffordable and the 32% tipping point above which communities can expect a more rapid increase in homelessness. What that looks like at the individual renter level is sacrifice.
Military Veterans, Some Active-Duty Households Enjoy a Housing Affordability Edge
Active-duty military households spend 24.9% of their incomes on market rent, while veteran households spend 20.1% – significantly less than the 29.6% of income that the typical U.S. household pays for rent in 2019. Service members and veterans also pay a lower share of their incomes on mortgages: 13.4% and 10.9%, respectively, compared with 16% for all U.S. households.
Starting Salaries for Teachers Don’t Pay the Rent
For many teachers, back to school means a return to their regular jobs from summer gigs that supplement their incomes and help them -- literally -- pay the rent. Nationally, the median market-rate rent takes a staggering 46.8% of a starting teacher’s salary.
