Rising rental rates and stagnant salaries widen affordability gap

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More Americans Become Rent-burdened . Rental costs have been on the rise, outpacing stagnant salaries, and widening the affordability gap, according to a new study. realtormag.realtor.org rental costs have been on the rise, outpacing stagnant salaries, and widening the affordability gap, according to a new study.

"That’s what we call the affordability gap," says John Kobs. Add to that several recent trends, from rising mortgage rates to stagnant pay, which have combined to discourage many people from buying.

Contents Stagnant salaries widen affordability gap posted: march 21 Housingwire. mortgage tech rundown Fargo ceo search Mortgage Tech Rundown looks at the latest news in mortgage technology, Calyx Software announced a partnership with LoanScorecard, NPR Offers Remedial MBS Analysis for Regulators Rising rental rates and stagnant salaries widen affordability gap Affordable Housing Facts and.

Rental costs have been on the rise, outpacing stagnant salaries and widening the affordability gap, according to a new study by DePaul University. "After the housing crisis, households shifted to renting for a number of reasons," says Geoff Smith, co-author of a study on the affordability gap and executive director of DePaul University’s.

"That’s what we call the affordability gap," says John Kobs. Add to that several recent trends, from rising mortgage rates to stagnant pay, which have combined to discourage many people from buying.

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Rental Affordability: A Gap Widening to a Chasm. Insight | November 03, 2017.. The main factor was a combination of increasing rents and stagnant household incomes. The growing demand for rental housing and rising cost of building new units has exacerbated this problem as well.

Home > Blogs > mhopkins’s blog > Rising rental rates and stagnant salaries widen affordability gap Author(s): Megan hopkins [1] show author info?: Show Author Info? Teaser: In suburban Cook County in Illinois, the affordability gap skyrocketed 25 % between 2007 and 2011. Capital Bank launches Capital Bank Home Loans WTH is a reverse mortgage.

"In sharp contrast the purchasing power of Hong Kong locals is weakening due to sluggish income growth and rising. interest rates," Macquarie. "The rent of a 300 square foot unit has already.

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Since 2000, rents have risen and the number of renters who need low-priced housing has increased. Nationwide, the market provides only 21 adequate, affordable, and available (AAA) units for every 100 renter households with income at or below 30 percent of the area median income (often called extremely low-income, or ELI, renters).