An unprecedented surge in U.S. rental demand in the decade since the housing crisis has raised the specter of a rental affordability crisis, the brunt of which is borne by the most vulnerable segment of low-income households who live in high-wage large metro areas. Against this background, we...

Housing a ffordability broadly refers to the cost of housing services and shelter - both for renters and owner occupiers - relative to a given individual's or household's disposable income. While there is no universal definition for this term, housing affordability is an easy concept to grasp in...