Housing Affordability

Housing is getting even less affordable  Falling prices haven’t helped

The above article raised my interest.  A year ago as we were reviewing the Summer Street project the question was raised as to why we needed to continue creating affordable housing given the decline of the housing market.  I tried to explain how the recession was affecting those at the lower levels of the economy as much as (if not more so) those who had invested heavily in the stock market.  The article points that even with the number of housing foreclosures and falling housing prices, income has fallen faster.  It points out, once again, the need to take care of the housing needs of those for whom the housing market remains out of reach.

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