New Harvard JCHS Report: 22.4 Million Renters Struggle with Rent Burden
A 2024 report by the Harvard Joint Center for Housing Studies reveals a startling statistic: 22.4 million renters in the United States are spending more than half of their incomes on rent. This significant rent burden highlights the growing affordability crisis in the housing market. For those navigating the real estate landscape, understanding these pressures is crucial. At Lysster, we strive to offer better, cost-effective solutions for home buyers and sellers to alleviate financial strains and create a more equitable housing market. Read more on our blog, ‘A Broker’s Opinion,’ for in-depth insights and strategies to navigate this challenging environment.