Housing + Childcare Costs Are Keeping Families Renting

Housing affordability isn't just about home prices. A new Redfin analysis finds that housing and childcare for one child now consume about 52% of the typical working family's income nationwide—and in some expensive metros, the combined cost approaches an entire household income. Kathy Fettke looks at where families have the most financial breathing room, where affordability is stretched to the limit, and why rising childcare costs could force some families to delay homeownership and remain renters longer. Plus, what these changing affordability dynamics could mean for rental demand and real estate investors.   Get your Free PDF on which markets RealWealth Investors are choosing at www.Realwealth.com/AffordableMarkets.     Source: https://www.redfin.com/news/housing-childcare-costs-winnie/