PBN: One-in-three households with mortgage cost-burdened in R.I.

By Mary MacDonald -October 11, 2017 6:15 am

PROVIDENCE - More than one-in-three households in Rhode Island with a mortgaged property are housing cost-burdened, and the rate rises to one-in-two for renters, according to research by HousingWorks RI at Roger Williams University.

The 2017 Housing Fact Book, released Wednesday, shows that the real estate gains in value seen over the past two years are also impacting housing affordability, as a tightening market drives prices upward.

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