In their new State of the Nation’s Housing Report, Harvard’s Joint Center for Housing Studies says the US housing market is shrouded in uncertainty. Among their conclusions, they say high home prices and interest rates have pushed sales to their lowest level in 30 years; insurance premiums and property taxes are rising; and high rents have left many cost burdened.
“There must be a concerted effort to do more to address the affordability and supply crises…The potential consequences of inaction are simply too harmful to the macroeconomy and the millions of households striving for a safe, affordable place to call home.” Said Chris Herbert, Managing Director of the Center.
Click here to read the full report at Harvard.edu.
