Briefing

Crowded out of the housing market: declining affordability and availability are squeezing New England's very low-income households

Abstract: Though many New Englanders find it difficult to buy and maintain a home or pay monthly rent, the problem is particularly acute for the region's very low-income households. While many reports about housing affordability focus on the growing affordability challenges faced by middle-income households, they often overlook a crucial problem in the region: very low-income households--those in the bottom fifth of the income distribution are squeezed by declining affordability and limited availability.

Keywords: Housing - Prices - New England;

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: New England Public Policy Center Policy Brief

Publication Date: 2007

Order Number: 07-2