Monday, 10 August 2020

TRD Insights: Gentrification happening fastest in least affordable cities

Want to identify the chief culprit behind gentrification in your neighborhood? Look no further than your city’s housing supply — or lack thereof. Metro areas with less affordable housing disproportionately drive high-income home buyers to lower-income neighborhoods, according to recent analysis from the Urban Institute, Washington-based nonpartisan think tank. One clear sign of gentrification is when people buying homes in a neighborhood have more money than the existing residents. Most low- and moderate-income (LMI) neighborhoods



source https://therealdeal.com/2020/08/10/trd-insights-gentrification-happening-fastest-in-least-affordable-cities/

No comments:

Post a Comment