Diverted Homeowners and Rental Affordability Crisis

Diverted Homeowners and Rental Affordability Crisis

Date: Friday, November 16, 2018
Location: Harvard Joint Center for Housing Studies
Speaker(s): Hyojung Lee, Post-doctoral Fellow, Harvard Joint Center for Housing Studies

12:15 pm, Joint Center for Housing Studies.

Although much has written about the housing-market collapse in 2006 and the subsequent rise in the number and share of cost-burdened renters, few studies have carefully examined the connections between these two significant changes.  In this talk, Lee will present research, carried out with Dowell Myers and Gary Painter, which found that as of 2015, about 8.4 million would-be homeowners (the expected number given market and demographic characteristics in 2000) either became renters or have left the housing market.  This shift, they estimate, triggered a host of changes in rental housing markets, notably greater demand for more expensive rental units and higher rental burdens.

This event is part of our Research Seminar Series, which are held on Fridays at lunchtime, during the academic year, and are live-streamed on Twitter.

Read More About: Homeownership, Rental Housing, Affordability