As affordability continues to deteriorate, the number of cost-burdened households in the US rose to record highs in 2024, with 43.5 million households spending over 30% of their income on housing, and 21.6 million spending over half. @pjwhit.bsky.social www.jchs.harvard.edu/blog/housing...

So happy to see this new paper with my colleague @aherm.bsky.social out there! We examine pandemic-era rural home price trends, finding that home prices grew rapidly across rural counties but appreciated fastest in vacation areas. In the paper we explore what was behind this phenomenon. 🧵

A new paper finds that home prices in rural areas increased 36.1% between 2020-2023, but in counties with a high share of vacation and second homes, prices rose even faster at 46.8%. @aherm.bsky.social @pjwhit.bsky.social www.jchs.harvard.edu/blog/home-pr...