Pandemic Is A Worsening Threat To The Rental Housing Market
April 21, 2020 | Brenda Richardson | Forbes
Uncertainties caused by the coronavirus pandemic have caused widespread disruption to the rental market, and the situation looks likely to get worse before it gets better.
Rental market conditions in the United States have changed fundamentally since the Great Recession, according to America’s Rental Housing 2020, a new report from the Harvard Joint Center for Housing Studies.
With higher-income households accounting for much of the growth in rental demand since 2010, new supply has been concentrated at the upper end of the market, the report stated. Meanwhile, rising demand and constricted supply have reduced the stock of low- and moderate-cost rental units, leaving modest-income Americans caught in the middle.
