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Rent takes a bigger bite out of family budgets

Source: Marketplace

Link: Read story

Publication Date: Monday, December 9, 2013

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A decade of unprecedented growth in the rental housing market may be coming to an end. Fewer new renter households are being formed, rental vacancy rates have risen, and rent increases have slowed. At the same time, renter demographics are changing and nearly 21 million households continue to pay more than 30 percent of their income for rent.

The Joint Center for Housing Studies is a collaborative unit affiliated with the Harvard Graduate School of Design and the Harvard Kennedy School.