Study reveals housing affordability out of reach for many
By Matt Roy | Daily Independent
Finding an affordable place to live remains a challenge — especially for renters — a decade after the Great Recession housing crisis, according to one report.
The U.S. Census Bureau issued a release Nov. 4 detailing improving conditions for homeowners, but persistent problems for those stuck in the rental market.
Based on data from its American Community Survey, the agency reported on what are referred to as “burdened” households, which are those families spending 35% or more of their monthly budget on housing costs.