AZBigMedia
A lot has changed in the last 30 years for renters – some for the better and some still leaving much to be desired. The Joint Center for Housing Studies of Harvard University released its 30th anniversary State of the Nation’s Housing report this year and it provides an opportunity to reflect on how housing market conditions in the U.S. have evolved over time, looks at current trends and reveals how we still have progress to make when it comes to all Americans having decent, affordable homes.
Here are some of the key takeaways from the study.
1. Most people are paying more of their income towards rent
Many renters now are cost-burdened, meaning they use more than 30 percent of their income to pay for housing and may have trouble paying for other necessities such as food, clothes, transportation and medical care.
