Not exact matches
Housing prices remain
high based on traditional measures such as
affordability and
rental returns.
While this freeze is in place, government officials will be reviewing how the
high property tax burden on these buildings affects
rental market
affordability.
These include deteriorating
rental affordability in expensive urban cores; new apartments, albeit
high - end ones, opening downtown compared to relatively few in outlying areas; and preferences among some renters toward the space offered by single - family homes in the suburbs.»
National and local associations are decrying an
affordability crisis, and local community activists are blaming developers and investors for sky -
high rental prices.
Humphries said he expects rent increases to outpace price gains by the end of the year as
higher mortgage rates limit
affordability and the
rental market remains tight.
about Surge in the Supply of
Higher - Cost
Rental Housing is Slowing Amidst Persistent
Affordability Challenges for Working - Class Households