Can young professionals afford to buy a home in New England?

Heather Brome

New England Public Policy Center Policy Brief, 2008

Abstract: This policy brief explores whether young professional households can afford to own a home in New England. These are defined as households headed by a 25-39 year old with at least a BA and not currently enrolled in school. The analysis relies on two measures: (1) housing burden, defined as the percentage of household income spent on housing costs, and (2) income adequacy, defined as the ratio of household income to the income needed to purchase a home.

Keywords: Home; ownership; -; New; England (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbbr:y:2008:n:08-1

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