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Priced out of the market in downtown West Palm? City says help on way
Source: Palm Beach Post Try finding an affordable place to live in downtown West Palm Beach. Not easy. With the economy and real estate market on the rise, plenty of luxury condos are on the planning boards. But there’s a dearth of lower-priced condos and rentals to serve those with moderate incomes who want to…
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South Florida’s high rents called ‘troubling’
Source: Sun Sentinel South Florida is the least affordable place in the nation for renters, a situation that a new study calls “troubling.” In 2014, the median gross rent in Palm Beach, Broward and Miami-Dade counties was $1,150, compared with an average of $970 for other metropolitan areas, according to a study by Capital One…
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HUD Invests Further in Housing Counseling
Source: DSNews.com HUD announced on Friday it will be further investing in housing counseling by making $40 million in grants available to hundreds of housing counseling organizations nationwide. The housing counseling organizations use the grant money to assist families who are buying their first home, attempting to locate affordable rental housing, or trying to avoid…
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Many Floridians living paycheck to paycheck, study finds
Source: Palm Beach Post With its low incomes and comparatively high cost of living, Florida ranks No. 5 on a list of states whose residents are most likely to live paycheck to paycheck. Read more…
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U.S. Apartment Rents Leap at Fastest Pace Since Crisis
Source: Wall Street Journal Apartment rents increased faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters. Read more…
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Renters Across the Country Are Spending Over 30 Percent of Income on Housing Costs
Source: JCHS In 2014, just under half (49.3 percent) of American renters were housing cost burdened, spending more than 30 percent of income on housing costs. Read more…
