An Annual Look at the Housing Affordability Challenges of America’s Working Households
By Keith Wardrip
This brief summarizes the key findings of an analysis of housing affordability trends for working households (see sidebar) between 2008 and 2009. The analysis shows that nearly one in four working households spends more than half of their income on housing costs. And despite falling home values, housing affordability worsened significantly for working owners and renters between 2008 and 2009.