HUD cuts expected to worsen America’s housing crisis, staffers say – msn/WaPost
The Rising Costs of Homeownership Are Increasing Burdens – Harvard JCHS
“Cost burden rates have been growing across the country, but many of the most significant increases have been in traditionally more affordable areas. Metros such as Milwaukee, Scranton, and Oklahoma City, each of which had homeowner cost burden rates under 20 percent in 2019, all saw their share of homeowners with burdens grow by more than twice the rate of increase nationwide.
“Lowest-income homeowners, who already have the highest rates of burden, have seen the largest increases since 2019 (Figure 2). The cost burden rate for the 11 million homeowner households with incomes below $30,000 rose 5.4 percentage points in the last four years to reach 74.2 percent in 2023. This was the highest rate of burdens for this income group on records dating back over 20 years—exceeding the previous peak of 71.4 percent hit in 2010 in the wake of the Great Recession.”