Piling on top of steep jumps over the past year, both mortgage interest rates and home prices rose again in mid-2023, further eroding affordability for homebuyers and leaving…
W07-3: Despite many efforts to model house prices in the United States, reliably predicting when, and by how much, house prices will fall remains an elusive goal. Most…
Harvard Joint Center for Housing Studies
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June 1, 2004
With investors focused primarily on the upper segment and policymakers on the lower, the middle of the rental housing market has gone largely unexamined. Nonetheless, the 14…
Elizabeth La Jeunesse, Alexander Hermann, Daniel McCue, Jonathan Spader
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September 17, 2019
Housing affordability has been a growing concern across the US over the past three decades. Indeed, between 1990 and 2017, the number of units renting for under $600…
Harvard Joint Center for Housing Studies
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December 14, 2017
A decade of unprecedented growth in the rental housing market may be coming to an end, according to our 2017 America’s Rental Housing report. Fewer new renter…
Harvard Joint Center for Housing Studies
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December 9, 2015
Rental housing is home to a growing share of the nation’s increasingly diverse households, but even with the strong rebound in multifamily construction, tight rental markets…
Harvard Joint Center for Housing Studies
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December 9, 2013
Rental housing has always provided a broad choice of homes for people at all phases of life. The recent economic turmoil underscored the many advantages of renting and raised…
Harvard Joint Center for Housing Studies
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July 11, 2011
Despite record-high vacancy rates and falling rents in some areas, the Great Recession did little to halt the long-term erosion of rental housing affordability. Indeed,…
Harvard Joint Center for Housing Studies
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April 26, 2011
The troubled homeowner market, along with demographic shifts, has highlighted the vital role that the rental sector plays in providing affordable homes on flexible terms. But…
Harvard Joint Center for Housing Studies
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April 30, 2008
The damage from today’s mortgage foreclosure crisis reaches deep into the rental market. With affordability already a long-standing problem, the current housing debacle not…