In the Media

However, median rent is still $309 higher than the same time in 2019, before the pandemic. That’s a 22% increase. And people have been feeling it. In some places, rents aren’t dropping at all. Rent is just increasing at a slower pace. Still, even if rents aren’t dropping like a rock, they aren’t expected to be skyrocketing in the same way this year. This may come as some relief to the 22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent.

Americans are struggling to pay their rent this month, according to a new report from Harvard University's Joint Center for Housing Studies.

Renters in the U.S. are spending more of their income on housing than ever before, a new Harvard study shows. What's going on and how can we fix the crisis? Chris Herbert, managing director of Harvard Joint Center for Housing Studies, the group behind the study, and Lizzi Wyant, deputy executive director for Metropolitan Area Planning Council joined Tori Bedford to discuss.

A newly released report from the Joint Center for Housing Studies of Harvard University found that in 2022, half of all U.S. renters were cost burdened, spending more than 30% of their income on housing.

As unsheltered homelessness has boomed, the number of cost-burdened renter households has hit a record high, amounting to 22.4 million in 2022, according to a new report on U.S. rental housing from Harvard's Joint Center for Housing Studies. Fifty percent of all renter households were also cost-burdened in 2022, a value up 3.2 percent from 2019 and 9 percent from 2001.

Half of all renters in the U.S. were burdened by the cost of their rent in 2022, a report released by the Harvard Joint Center for Housing Studies this week found.

Researchers have found millennials are having a hard time paying for city housing markets. Dr. Riordan Frost, senior research analyst at the Harvard Joint Center for Housing Studies, joined CBS News to discuss why the generation is getting priced out.

According to a Jan. 25 report from Harvard's Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015.

You’re considered to be “cost-burdened” if you pay more than 30 percent of your income in rent and utilities, and a new study from Harvard’s Joint Center for Housing Studies found that in 2022—the most recent year for which data is available—the cost-burdened constituted half of all renters nationwide. Half of all renters couldn’t afford what they paid in rent.

Half of American renters spend more than 30 percent of their income on housing costs — a key benchmark for affordability — with the financial strain rising the fastest for middle-class tenants. That’s according to a new report from the Harvard Joint Center for Housing Studies, which found that the number of such renters, considered to be “cost-burdened,” hit a record 22.4 million in 2022 — up 2 million from just three years before.