The story of the U.S. housing market is the story of growing inequality.
The Associated Press reports on the state of the U.S. housing market this week, finding a thriving market for homeowners and renters falling further behind.
On one-side of the equation are homeowners, benefitting for growing equity and reduced mortgage payments from ultra-low interest rates. On the other side of the equation are renters, facing stagnant wages and rising rents.
The article's in-depth coverage draws evidence from the recently released "The State of the Nation's Housing" [pdf] report by the Joint Center for Housing Studies of Harvard University. The article also includes a tour of local markets, from Florida to Nevada to California to Missouri and more.
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The city’s comprehensive, neighborhood-focused housing strategy focuses on identifying properties and land that can be repurposed for housing and encouraging development in underserved neighborhoods.
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