Ten years out from the start of the Great Recession, the housing market in the U.S. has finally returned to normal. Home prices in 2016 eclipsed the pre-crisis highs from about a decade ago. The number of homeowners who are underwater on their mortgages continues to plummet. Homeowners are making back some (but not all) of the wealth they lost to the mortgage foreclosure crisis.
The nation may be free of one housing crisis, but it’s still deeply mired in another one. That’s one jarring conclusion from the State of the Nation’s Housing report for 2017. Produced by the Joint Center for Housing Studies at Harvard University, the report highlights a rental affordability crisis that shows little sign of abating.
[For more of this story, written by Kriston Capps, go to https://www.citylab.com/equity...using-report/530535/]