Half of renters spend more than 30% of their income on rent

Though the recent 0.1 percent dip in national rents may seem like a reason for optimism, it turns out things are pretty bad for today’s renters. In fact, according to new data, nearly half of all U.S. renters are cost-burdened, spending more than 30 percent of their monthly income on rent.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports https://ift.tt/2yb9rns