Photographer: Daniel Acker/Bloomberg

Rental Prices Are Less Affordable Than Ever

Almost half of U.S. renters are spending 30 percent of their income on rent, according to a new report from Harvard's Joint Center for Housing Studies.

For renter households in the U.S., new research on the current market has told a persistently troublesome story, with falling vacancy rates pushing rents higher and forcing households to spend greater shares of their incomes on housing.

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