Rising rental rates and stagnant salaries widen affordability gap

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 · Buying a home won’t be easy for millennials as the affordability gap continues to widen. According to the National Association of Realtors (NAR), the home affordability.

New research shows rents rising while wages mostly stay stagnant in Utah.. "We’re in a period where we have declining affordability." His research says the gap between earnings and housing.

In suburban Cook County in Illinois, the affordability gap skyrocketed 25% between 2007 and 2011. But in the midst of all of this, the amount of renters grew by 11% in the suburbs in the same time.

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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.

Rental Affordability: A Gap Widening to a Chasm. Share. Download.. 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.

Median residential rent rose at an annual rate of 2.3 percent nationally from 2010 to 2015. When Edmiston adjusted that figure for inflation, annual median rent grew by 0.6 percent. But as median rent grew, personal income declined at an inflation-adjusted rate of 0.4 percent from 2010 to 2015, widening the gap between income and rent by 1 percent.

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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.

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 · For the city’s lowest earners, the rent keeps rising but the paychecks are not. In a report from StreetEasy, rent prices were found to have increased at double the rate.

Rental housing costs and affordability by county. What we call affordable keeps rising while wages stay stagnant and actually decline given inflation. I do put some of this widening gap at the.