The Housing Affordability Challenge Worsens

Oh my...the rental housing affordability challenge worsens...low income and middle class renters are feeling the squeeze as rents continue to get pushed up and new development continues to focus on Class A properties. At the same time home ownership affordability is improving ("While renters are paying more, affordability is improving for those who own their homes. The number of cost-burdened homeowners declined in 2014 for the fourth consecutive year, according to the report, thanks to low mortgage rates.").