From the wire:

Between 1985 and 2005, the median monthly housing costs for a U.S. family rose 128 percent from $345 to $798, according to a U.S. Department of Housing and Urban Development study.

The good news is that the portion of income that families spent on housing during that period was nearly flat, increasing from 19 percent to 22 percent during those 20 years.

According to the HUD report on trends in housing expenses, when the costs are figured in constant 2005 dollars, whether a homeowner had a mortgage or not, housing costs in that same 20-year period rose 25 percent, including utilities, water, trash and real estate taxes.

Housing costs for renters in the same time period rose only 8 percent.

Source: US Department of Housing and Urban Development, by way of the National Low Income Housing Coalition by way of

Call Now