Not surprisingly, a new research brief describes a tightening rental market during the recession, with severe consequences that disproportionately affected renter households.
Key findings include that:
By 2010, 38% of homeowners with a mortgage and 15% of homeowners with no mortgage faced a housing cost burden, rates comparable to 2007; However,
The incidence of housing cost burdens rose more sharply among renter households, from 46% to 49% in 2010. (Renters are considered cost burdened when spending more than 30% of their income on rent and utilities.)