Affordable housing: Homebuyers seek "tiny homes" as the housing market worsens

2022-06-18 22:42:48 By : Ms. Yolin Yang

The diminished stock of affordable housing is leaving both renters and buyers in a precarious position with slim options.

Why it matters: Frothy home prices and rising mortgage rates are scrambling the math behind homeownership and worsening a nationwide affordability crisis. And when there are no affordable homes around, it's hard to make any progress on homeownership for people of color.