Study Analyzes Home Prices and Homelessness by StateBy RISMedia Staff
Though estimates are constantly in flux, the latest data indicates there are more than 575,000 people in the U.S. who are experiencing homelessness. To put that in perspective, that’s larger than the total populations of many major cities, including Atlanta, Georgia, Miami, Florida and Sacramento, California. But where are these homeless people located?
To answer that, LendingTree analyzed housing data to determine the states with the largest and smallest populations of people experiencing homelessness. The study also looked at how home prices play a role. Key findings:
"It may be tempting to assume that a simple solution to homelessness is to just reallocate a relatively small portion of the country’s millions of vacant housing units so that the approximately 575,000 homeless people who are in the U.S. have a place to live,” said Jacob Channel, LendingTree’s senior economic analyst and report author. “However, because the vast majority of the nation’s vacant houses aren’t just sitting around abandoned, and are instead already owned as a secondary home, or are on the market waiting to be bought or rented, this solution is far from as practical as it may appear on the surface." To view the full report, click here. |
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