House Poor: Low-Income Homeowners Struggle in the Shadows

Rising housing costs are burdening millions of low-income homeowners, a growing trend that was one of the main storylines from this year’s State of the Nation’s Housing report. Record-high home prices and stubbornly high interest rates that have priced out all but the highest-income households looking to become homeowners have garnered most of the headlines. Less noted is that rising costs are also putting pressure on a growing number of existing low-income homeowners who have few avenues to turn to for help and whose ability to keep their homes is in jeopardy.