Hitting Bottom? An Updated Analysis of Rents and the Price of Housing in 100 Metropolitan Areas
The growing number of metropolitan housing markets in which the cost of homeownership is returning to its historical relationship with rents could indicate that housing prices will soon bottom out or stabilize. Stabilization, however, will also require the recovery of the broader economy. Policymakers should find ways to transition foreclosed households in the private sector into permanent affordable housing. Other recommendations are made for those households that will not survive the economic downturn.
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PSC Staff
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