Harvard center: Pay attention to rentals
As most of the nation fixates on home sales, housing prices, homeownership and foreclosures, Harvard's Joint Center for Housing Studies makes a plea for policymakers to consider the plight of renters:
While some owners who have lost their homes will quickly buy another unit and others will move in with family and friends, many will become renters. Indeed, after averaging just 0.7 percent annual growth from 2003 to 2006, the number of renter households jumped by 2.8 percent or nearly one million in 2007.The growing numbers of renters must now compete for the limited supply of affordable housing, adding to the longstanding pressures in markets across the country.
Interested in this subject? Read the center's report HERE.
