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A separate study by Zillow released this month shows about 50 percent of renters in San Francisco and New York have little confidence in their ability to afford to buy a home in the future, with almost as many renters reporting the same doubts in Seattle, San Jose and Boston.
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– Rent to buy is a government initiative to help renters in social housing to buy a home Are Rent to Buy schemes right for you? – you need to earn less than £60,000 and have a good credit score
SEATTLE, April 7, 2017 /PRNewswire/ — Renters in Seattle, Los Angeles, and Boston need the biggest income increases in 2017 to keep up with rising rents, according to a new Zillow analysis i.In each of these metros, renters need their annual incomes to be at least $1,000 higher next year to have the same amount of money left over after paying rent.
Introduction. Across the country, the lack of affordable housing is severely impacting homeowners and renters. In 2016, 31 percent of all homeowners with a mortgage and 50 percent of renters spent more than 30 percent of their incomes on housing costs. 1 Increasingly, housing affordability is of major concern across all regions of the U.S. and throughout urban, suburban and rural communities. 2