According to this new study by the Harvard’s Center for Housing Studies, the US housing crisis and mortgage market meltdown is having serious impact on rental housing as well (pointer via Planetizen).
The
current mortgage turmoil reaches deep into rental markets. New
research on rental housing market dynamics from Harvard University’s
Joint Center for Housing Studies finds that the current housing debacle
not only adds to the number of households competing for low-cost
rentals but also threatens renters living in foreclosed properties with
sudden eviction.
