The cost of housing in the U.S. has risen steeply in the last four years, both rents and the cost of purchasing a home. As with all markets, prices are determined by the relationship between supply and demand. Right now in the U.S., demand is out-pacing supply, especially in metropolitan areas, and thus driving up prices. That means a larger and larger share of income is going to pay for housing: For low-income renting households, about a third of their expenditures go toward rent. For those reasons, many are describing the current situation as a "housing crisis."
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Table of Contents
- The cost of housing in the U.S. has risen steeply in the last four years both 1
- U.S. demand is out-pacing supply especially in metropolitan areas and thus 1
- On the supply side in some areas there just arenʼt enough units. Estimates 1
- U.S. is zoned for private single-family homes. 1
- There are more recent issues driving the demand side of the equation. For 1
- Much of the problem is at the state and local level. When it comes to federal 1
- COMMENTARY 1
- Wendy Edelberg 1
- October 24 2024 1
- On the other hand several proposals floated by the campaigns would solve 2
- . And Trumpʼs idea to ban mortgages for 2
- Researchers have also come up with a number of innovative ideas to increase 2
- 75 fewer carbon emissions than demolition and new construction. 2
- While home sale prices have leveled off recently homeownership is still out of 2
- AUTHOR 2
- The suggestion by the Trump campaign 2
