In the Media

Tight supply and continued strong demand from buyers has caused home prices to skyrocket, says Alexander Hermann, a research analyst and one of the lead authors of the Harvard Joint Center for Housing Studies’ 2021 State of the Nation’s Housing report.

There were almost 610,000 single-family homes in Ohio in 2019 that were rented, or 17.3% of all homes in the state, a percentage that is in line with the US number, according to the Harvard Joint Center for Housing Studies.

Even before COVID-19 struck, America was plagued by a lack of affordable homes, defined by the government as one that a household can rent for 30% or less of their income. A quarter of American renters pay more than half their incomes on rent, the Harvard Joint Center for Housing Studies says.

In a healthy housing market, you'd have about six months of housing supply. According to a report last month from Harvard, there's currently less than two months of housing supply in the US, which is very, very tight.

According to the Harvard Joint Center for Housing Studies, more than half of low-income households spent their stimulus checks on rent.

Since 2001, the share of all renter households that qualify as being “cost-burdened” has hovered between 40-50%, according to a study by the Joint Center for Housing Studies of Harvard University.

The Joint Center for Housing Studies at Harvard University has predicted a robust year for remodeling; experts attribute that to a strong housing market and increased home equity. The center predicts that remodeling and repairs to owner-occupied homes will jump to $352 billion this year, a 3.8% increase over last year.

Low interest rates, a housing production shortfall, fewer houses on the market and changes in consumer spending during the pandemic are among the many reasons why housing prices are shooting up, according to a study by the Joint Center for Housing Studies at Harvard.

Millions of homeowners entered forbearance and many renters are struggling to pay rent as eviction protections begin to expire this summer. It’s a “race” to get more relief measures passed, says Chris Herbert of the Harvard Joint Center for Housing Studies.

A report from Harvard's Joint Center for Housing Studies found that those who lost income during coronavirus-related shutdowns are now more likely to be behind on their housing payments.