June 4, 2015
Thursday’s Advocacy & Think Tank Round-Up
- National Association of Realtors reports April Pending home sales, up 1.3% – the strongest in 9 years.
- A joint study by the NYU Furman Center and Capital One Renting in America’s Largest Cities: National Affordable Rental Housing Landscape reveals a trend in all 11 of the largest metro areas in the U.S., which the study focused on, of rent increases outpacing inflation, tending to not keep up with the increase in number of renters and an increase in severely rent burdened low income renters.
- Zillow’s recent research concludes that the rent affordability crisis leads to lower homeownership rates because renters cannot afford to save for a downpayment in high rent metros like Los Angeles.
