The Federal Home Loan Mortgage Corporation has released new study data, which shows that nearly 60% of renters across the United States have seen their rent increase in the last 12 months, making it a ratio of almost 1 in 3 people in the U.S.
Kevin Palmer, head of Freddie Mac Multifamily said, “Our survey shows that the national housing affordability crisis is worsening, and that inflation is a key driver. Freddie Mac Multifamily is charging toward a record year for our affordable housing work, but it’s going to take a concerted, sustained and comprehensive effort to turn the tide.”
The data came from a nationwide online survey conducted from June 6 - 10 among a"representative sample" of 2,000 Americans 18-years-old and older. Freddie Mac said households surveyed were"almost universally impacted," with about 96% saying they saw an increase in rent in the past 12 months.
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