Tuesday, December 22, 2009

Center for Housing Policy Report

This 12 page report researched by the Center for Housing Policy examines housing affordability trends for working households. Even though housing prices are falling, affordability is going in the other direction.

This report defines - severe housing cost burden - as spending more than 50 percent of income on housing costs, including utilities. The number of working households that spend more than 50 percent of their income on housing rose from 18 to 20 percent in the past 3 years.

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