Study: Half of Renters Paid Unaffordable Rates in 2022, a Record High
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With soaring real estate and housing prices in recent years, housing affordability rates hit a record high in 2022, with half of renters qualifying as “cost-burdened,” new research finds. According to a report by the Joint Center for Housing Studies of Harvard University published Thursday, there were a record 22.4 million households in which renters paid more than 30 percent of their income in...