Democratic Candidates 2020: Housing Report

Photo: HUD

By Andrew Busch and Leah Hamilton

The US housing market is large and complex. The American mortgage market is massive at over $15 trillion. The complexity is represented by the NAR Housing Affordability index being at its highest level since 2016, but the number of households severely rent burdened (paying more than 50% on rent) having increased by 42% between 2005 and 2017. This percentage of households that are…