A new report by the Center for Housing Policy (CHP) says housing affordability has significantly decreased for working owners and renters.
The annual report, "Housing Landscape 2011," looks at housing affordability trends for working households between 2008 and 2009 focusing on the effects of employment, income and housing costs.
According to the report, nearly one in four working households had a severe housing cost burden in 2009, spending more than half of its income on housing costs.