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Fewer Americans can afford housing despite improvement in the overall market

Source: MarketWatch

Link: Read story

Publication Date: Friday, June 24, 2016

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A decade after the onset of the Great Recession, the national housing market has, by many measures, returned to normal: housing demand, home prices, and construction volumes are all on the rise, and the number of distressed homeowners has fallen sharply. However, high demand and tight supply are pushing up housing costs and adding to concerns about affordability.

The Joint Center for Housing Studies is a collaborative unit affiliated with the Harvard Graduate School of Design and the Harvard Kennedy School.

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