The housing crisis is far from over, but the surge in renters is leaving the country’s weakest even more pinched, according to a new report from Harvard University.The university’s researchers explain that many of the key demand drivers for the housing market have evaporated: household formation is low, immigration is in decline, and the boomers may be stuck in their old homes.
And while many have moved to rent, they are now being squeezed by higher prices both for rentals and for utilities. It’s not enough yet, however, to drive more demand for homes because prices are still to high for many.
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