That means the median household with a mortgage had higher financial burden than the median household that paid rent in these counties. The hardship caused by the rise in housing costs persisted despite increases in median household income.
“We’ve heard for a while now that incomes were not keeping up with the increased cost of housing,” said Molly Cromwell, a demographer in the Census Bureau’s Housing Statistics Branch. “With the most recent data, we can see just how many households were burdened by the cost of their housing.”
Indeed
So are home buyers. Thank you Biden... all that free money
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