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Recent Report Reveals Escalating Housing Cost Burdens for Renters

July 19, 2024
by Michael Wilt

Earlier this year, the Joint Center for Housing Studies at Harvard University released the 2024 America's Rental Housing report which documents the state of the rental market and how renters are faring with the ever-changing conditions. The primary takeaway is that while rental markets are cooling down across the country due to increased housing production, renters are increasingly cost burdened, homelessness is one the rise, and aging properties need extensive investments for structural repairs, accessibility improvements, and climate resiliency.

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