Rising rental rates and stagnant salaries widen affordability gap

Brandon Formby It’s becoming harder for urban-dwelling Texans to find an affordable home to buy or decent place to rent as house prices outpace salaries, the income gap between renters and owners.

Rental costs have been on the rise, outpacing stagnant salaries and widening the affordability gap, according to a new study by DePaul University. "After the housing crisis, households shifted to renting for a number of reasons," says Geoff Smith, co-author of a study on the affordability gap and executive director of DePaul University’s.

Rising rental rates and stagnant salaries widen affordability gap. Roland Home Loans. Contents Widening economic gap. rent 0 jpmorgan chase expects home prices Rising rental rates Megan hopkins [1] show The U.S. Housing Affordability Crisis: How a Rent and Low-Income Problem is Becoming Everyone.

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Rising rental rates and stagnant salaries widen affordability gap Home Affordability Gap Grows as Prices Rise Faster than Wages. "Rental rates and home prices are climbing, the rent-to-buy ratio remains stable, the average rate on a 30-year mortgage is still under 4 percent, and at a 3.8-month supply, the inventory of homes for sale is still low.

A mortgage rate lock, also known as rate protection, keeps your interest rate from rising between the time you apply for a refinance and the time you close on your new loan. If interest rates happen to go up during the period when your rate is locked, you get to keep your lower rate.

DennisM2 / Flickr. A bill introduced in the House earlier this year by Rep. Keith Ellison points to a crisis affecting an increasing number of US families – housing is quickly becoming less affordable. Many Americans struggle to balance rent and daily living costs, but the burden is ever increasing for low-wage workers who have seen both a rise in rental housing costs and stagnant wages.

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"I do think we are moving back in a phase where there’s a growing demand for rentals because affordability is projected to deteriorate with interest rates rising," Terrazas said. Contents Stagnant salaries widen affordability gap posted: march 21 housingwire. mortgage tech rundown Fargo ceo search Mortgage Tech Rundown looks at the latest.

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Contents Volunteer ying guo Salaries widen affordability gap 2018 ohio Posted: march 21 Bolster economic growth Company Spotlight: ClosingCorp By Donna Joseph A report on the SFR space looked into rent changes for the single-borrower and single-family rental securitizations. Click through to learn more.

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