Renters get some relief as rent burdens plummet, but low-income families still struggle: new report
“A new report highlighting housing affordability during the first quarter of 2023 shows that renters are finally starting to see some relief from rental burdens. According to the findings, reported by Moody’s Analytics, the number of U.S. metros experiencing higher rent burdens plummeted 91% from a quarter ago – from 49 cities in Q4 2022 down to only five in Q1 2023.”