Former President Donald Trump and Vice President Kamala Harris have both acknowledged the affordability crisis facing the US housing market. While Trump attributed rising rents to an influx of migrants, recent reports suggest that the situation is more complex.
According to a study by the Harvard Joint Center for Housing Studies, renters have faced increasing financial burdens over the past year. The impact varies by location, with cities like New York City and Honolulu experiencing a shortage of available units, leading to unaffordable rents for many. On the other hand, markets like the Tampa Bay region, where apartment construction has been on the rise, have seen a decrease in rental prices.
