KIYC: Apartment, home rentals have become more than some can …

Jun 23, 2022 · Apartment and home rent prices have been skyrocketing since the pandemic …

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Half Of US Tenants Can’t Afford To Pay Their Rent. Here’s ... - CNN

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Jan 30, 2024 · An increasing number of renters pay more than 30% of their income to rent, a …

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Millions Can’t Keep Pace With Insane Rental Rates - Forbes

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Oct 30, 2021 · 4. San Jose $2,310. 5. Washington $2,240. The only city in the top ten under …

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A Housing Issue Likely To Outlast Any Moratorium: The Rising …

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Aug 5, 2021 · The median rent jumped more than 11% nationally between January and July, …

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Unaffordable Housing: Why Housing Is So Expensive And What We …

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Aug 20, 2020 · In 95% of U.S. counties, a full-time worker earning federal or state minimum …

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FAQs about KIYC: Apartment, home rentals have become more than some can … Coupon?

Are new single-family renters moving from cities?

About 60 percent of new single-family renters are coming from cities. This trend is driven by the same factors fueling the home-buying market. Single-family rental companies like Invitation Homes and American Homes 4 Rent are experiencing all-time high stock values. Occupancy rates for single-family rentals have reached a generational high of more than 95 percent. ...

Should cities enact rent control?

Raghuveer argues that federal action is needed because many states largely ban cities from enacting rent control (though often with exceptions and possible workarounds.) She also cites the growing share of housing bought by institutional investors. ...

What if you pay more than 30% of your income in rent?

This may come as some relief to the 22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent. Paying anything above the standard 30% threshold is commonly considered a cost burden. ...

Is the housing boom creating a new population of Home renters?

The housing boom is leading to an increase in home renters, as some people who would have previously been able to afford a home are now being priced out. While some prefer renting a home to buying one, the home rental trend cannot be separated from the high home prices, which are compelling many people to rent instead. ...

Can a full-time worker afford a one-bedroom apartment?

In 95% of U.S. counties, a full-time worker earning federal or state minimum wage cannot afford to rent a modest, one-bedroom apartment. Rental prices in the U.S. are out of reach even for many middle-class renters earning more than the national average renter’s hourly wage of $18.22. ...

Are renters paying more than they can afford?

Without continued new supply in addition to enhanced rental support, the Harvard report concludes affordability will remain a critical concern for many renters. Half of renters in the United States have found themselves paying more than they can afford, following years of surging rents. ...