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Despite the expansion of rental stock, the national vacancy rate dipped to its lowest point in almost 20 years and the market is likely to remain tight, according to the Joint Center's report
The Department of Housing and Urban Development is providing new aid to help low-income families keep up with rising rents
Renters across the U.S. spend 30% of median income on monthly payments as housing costs continue to reach new highs
American households annually earning $150,000 or more are the fastest-growing renter segment in the nation. Between 2007 and 2017, these households increased by 175 percent.
Workers need to make more than $30 an hour to afford rent on a two-bedroom home in places including California, Hawaii, and Washington, D.C.
Rent prices are surging again, renewing pressure on the nation's housing affordability crisis. In March 2019, rent prices posted a 3.7 percent annual gain, per the latest BLS data.
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