At Boston, Massachusetts: as of 12:54 AM
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NEW ENGLAND:
Broadside: Unaffordable housing
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| October 26, 2009 Broadside: Unaffordable housing
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(NECN) - One would think that the recession would have one upside. If houses aren't selling, like they once did, doesn't that mean more people should be able to afford them? Guess again.
Jim Braude is joined by Barry Bluestone, Dean of Public Policy and Urban affairs at Northeastern University to discuss. Barry is also the co-author of the Boston Foundation's 2009 housing report card.
Barry says that housing prices did fall in Massachusetts, but because they fell so quickly in other markets around the country, they still remain relatively higher. Barry explains how the drop in housing prices, has caused an increase in rental prices.
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