John's Florida Real Estate Blog

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Renters Feel the Housing Pinch, Not Just Homeowners

Number of Working Family Renters Paying More Than Half Their Income for Housing Doubles

"The number of low- to moderate-income working family renters paying more than half their income for housing has doubled—growing faster than the number of working family homeowners with this problem—according to a new study entitled The Housing Landscape for America’s Working Families, 2007 conducted by the Center for Housing Policy. Specifically, the study found that the number of working family renters paying more than half their income for housing grew 103 percent from 1 to 2.1 million between 1997 and 2005. The number of working family homeowners paying more than half their income for housing increased at a significantly slower rate, rising 75 percent from 1.4 million to 2.4 million during the same time period."

To read more and see some of the actual data for your area, click on the following link: http://www.nhc.org/housing/landscape2007

SOURCE: Center for Housing Conference Media Release

For more information or questions about this topic please call me at: 813-783-4444 or e-mail me at: jelwell1@tampabay.rr.com

I also invite you to visit my my website where I think you will find a lot of useful information. To get there just click on the following link: www.jelwell.century21bnr.com

John Elwell - REALTOR

CENTURY 21

Bill Nye Realty, Inc.

813-783-4444

Licensed in Florida

 

Comment balloon 0 commentsJohn Elwell • September 17 2007 12:38PM

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