As affordability continues to deteriorate, the number of cost-burdened households in the US rose to record highs in 2024, with 43.5 million households spending over 30% of their income on housing, and 21.6 million spending over half. @pjwhit.bsky.social
www.jchs.harvard.edu/blog/housing...
In the paper we explore further the kinds of rural areas where prices grew fastest after 2020, examine underlying demand and supply drivers, and discuss implications for longtime residents within the context of ongoing rural housing challenges.
12.12.2025 17:09 — 👍 1 🔁 0 💬 0 📌 0
As a result, home values rose by 47 percent across rural vacation areas. And vacation counties in the West and Northeast saw prices rise even faster, by 51 percent apiece, as these regions hold many of the country’s rural mountain and beach communities.
12.12.2025 17:09 — 👍 1 🔁 1 💬 1 📌 0
Shifting domestic migration trends helped drive this rapid growth, as new remote work opportunities enabled an influx of higher-income folks to rural areas for the first time in many years. This was most dramatic in rural vacation areas, which are often tourism-heavy and rich in natural amenities.
12.12.2025 17:09 — 👍 0 🔁 0 💬 1 📌 0So happy to see this new paper with my colleague @aherm.bsky.social out there! We examine pandemic-era rural home price trends, finding that home prices grew rapidly across rural counties but appreciated fastest in vacation areas. In the paper we explore what was behind this phenomenon. 🧵
12.12.2025 17:09 — 👍 2 🔁 1 💬 1 📌 0
A new paper finds that home prices in rural areas increased 36.1% between 2020-2023, but in counties with a high share of vacation and second homes, prices rose even faster at 46.8%. @aherm.bsky.social @pjwhit.bsky.social
www.jchs.harvard.edu/blog/home-pr...
