The current mortgage turmoil reaches deep into rental markets, according to new research on rental housing market dynamics released today by Harvard University’s Joint Center for Housing Studies. The new study, funded by MacArthur, finds that the current housing debacle not only adds to the number of households competing for low-cost rentals but also threatens renters living in foreclosed properties with sudden eviction. It concludes that policy makers at all levels of government should focus more attention on those renter households severely harmed by the current mortgage market turmoil.
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