Housing is more expensive that it was before the pandemic in almost every part of the country, according to experts.
The high cost of housing is making it hard for many Americans to make ends meet, and monthly rents are rising faster than wages, according to a new housing report from Harvard University. The Joint Centers for Housing Studies of Harvard University report was released in June. The annual report says housing deals are hard to come by right now. Daniel McCue, the senior researcher on the Harvard University Housing Report, says home prices are steep right now and there is not enough supply.
Middle and lower income renters are seeing a shortage. We've lost over 6 million low-rent units over the past 10 years," McCue said. The lead author of the report said there are a lot of homeowners who can't afford to move right now even if they wanted to. Rachel Burkholder said she is looking for a new home in the Denver suburbs because she wants to find a bigger space to fit her family.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Become a Harvard Radcliffe Institute Fellow - Cambridge, Massachusetts job with Harvard Radcliffe InstituteApplications for the 2025-2026 Fellowship | Harvard Radcliffe Institute Harvard Radcliffe Institute fellows are exceptional scientists, writers, scholars, public intellectuals, and artists whose work is making a difference in their professional fields and in the wider world.
Read more »
Former Harvard Women's Hockey coach sues university for gender discriminationMike Gagliardi is a researcher with the NBC News Network Desk.
Read more »
High Housing Costs Erode Confidence In U.S. Economy, Survey FindsI cover consumer-centric insights and analytics that provide executives with solutions needed to drive strategy. I am the CEO of Prosper Business Development where, for more than 20 years, we have provided market leadership and developed contemporary solutions to help Fortune 500 companies navigate change that impacts their business.
Read more »
Denver faces housing shortage amid high construction costs, mortgage ratesLimited housing continues to increase home prices as homeowners who secured low interest rates are reluctant to move. But building new houses isn’t an easy fix to the problem. Despite a surge…
Read more »
California lawmaker resigns over high housing costs: 'Priced out of town'Mike Bucci, who served on the Newark City Council, said he could not afford to live in the city anymore.
Read more »
Harvard-trained researcher: People with high emotional intelligence always do 3 things when talking to othersHarvard-trained researcher and Mind Body Emotion founder Dr. Jenny Woo reveals the communication secrets of the most emotionally intelligent people.
Read more »