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Despite price drop, renters increase, owners decrease

September 23, 2009

USA Today Reports, “Housing is getting even less affordable.  More Americans found housing unaffordable last year, even though home prices across the U.S. have taken a major fall. More than 40 million spent 30% or more of their household income on housing costs, 600,000 more than in 2007, according to 2008 Census data released Monday. That includes homeowners with and without mortgages, as well as renters.  The number of renters increased, while the number of homeowners declined.”  Continue Reading.

  
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