Tag Archives: cost-burdened homeowners

By reviewing U.S. Census Bureau data, researchers have ranked the nation’s most “house poor” cities, where homeowners are spending more than 30% of their income on housing costs.

About 7% of the 221 metropolitan areas tracked by the National Association of Realtors reported double-digit price gains in Q1, falling from 18% from Q4 2022.

The Joint Center for Housing Studies at Harvard University provides a glimpse into affordability challenges and the number of cost-burdened households, using newly released data from the Census Bureau.

What can be done to increase affordability for severely "cost-burdened" homeowners as the national homeownership rate falls further?