America’s housing market is competitive, unequal, and often just getting by. Just like us.

The American housing market mirrors our society, the decisions we make, and the problems they leave us with, according to a report out Tuesday.

More higher-income people are renting – the Harvard researchers say there were 311,000 more tenant households earning more than $75,000 in 2018 than the year before. That’s great for developers and landlords, but not so hot for households that need lower-cost rents. But the burden is falling disproportionately on the poor: nearly three-quarters of renters with incomes of $15,000 or less are spending more than half their income on housing.When rent is too high, it keeps younger people from becoming independent. Only 31% of 25-29-year-olds in the highest-cost metro areas formed their own households, compared to 41% in the lowest-cost areas.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A housing market slump could drive global growth to a decade low, economists warnSome ten years since the 2008-09 U.S. housing bubble, which sparked a global financial crisis, worries about the health of the global housing market persist.
Source: MarketWatch - 🏆 3. / 97 Read more »

Meatless Farm breaks into booming US market with Whole Foods dealA plant-based burger company from the United Kingdom wants a slice of the hot market for meat alternatives in the United States.
Source: CNN - 🏆 4. / 95 Read more »