Reposted from the Joint Center for Housing Studies, June 26, 2013.
“A Housing Recovery, but Not For All Americans Harvard Research Center Releases The State of the Nation’s Housing 2013
CAMBRIDGE, MA – Driven by rising home prices and growing demand, the U.S. housing recovery is well underway, concludes The State of the Nation’s Housing report released today by the Joint Center for Housing Studies of Harvard University. While still at historically low levels, housing construction has finally turned the corner, giving the economy a much-needed boost. But even as the recovery gains momentum, millions of homeowners are still delinquent on their mortgages or owe more than their homes are worth, and severe housing cost burdens have set a new record…” View Full JCHS Press Release