Since 1898, Lux Bond & Green Jewelers has been dedicated to offering truly extraordinary diamonds, jewelry, watches and gifts for the home.
Westport Restaurant Week runs from October 1st - 15th, 2017
Westport Country Playhouse presents SEX WITH STRANGERS, September 26-October 14
Your 24/7 News Source

Thursday, July 13, 2017

Southwestern CT Housing Prices Strain Owners and Renters

By Schae Beaudoin

Almost half of Americans pay too much for their rent, and in southwestern Connecticut those numbers are even higher, says a national study.

Harvard University’s annual State of the Nation’s Housing report says 18 million renters across the nation are burdened by their housing prices. Homeowners and renters are considered “burdened” if they spend more than 30 percent of their income on rent.

In Fairfield and New Haven counties, about 55 percent of renters are considered burdened. Both counties are in the top 10 in the nation for percentage of burdened renters. The national average is about 48 percent.

Additionally, over 11 million renters in the U.S. were considered “severely burdened” in 2015 because they paid at least half of their income for housing. The number of homeowners considered severely burdened was at its lowest since 2004, but there still were more than 7.5 million Americans in that category.

Click HERE for more of story


Posted 07/13/17 at 05:52 PM  Permalink


Comment Policy