An unprecedented number of renter households are now considered “cost-burdened,” spending more than 30 percent of their gross income on housing costs. The Center for California Real Estate, an institute of C.A.R., spotlights analysis by Apartment List, which finds nearly 22 million renter households fall into this category. This information reflects a growing issue within the housing market, where affordability challenges are increasingly impacting individuals and families across the nation. The post delves into the key findings of the analysis, exploring the factors driving this trend and its implications for the broader real estate landscape. Read more
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