SOURCE: Homes for Working Families

January 30, 2008 15:04 ET

New Research Projects Continued Home Affordability Struggles for Middle-Income Households

Immediate and Long-Term Solutions Necessary to Bridge Affordability Gap

WASHINGTON, DC--(Marketwire - January 30, 2008) -


What:   Middle-income households -- those earning between 60 percent and
        120 percent of area median income -- are the most vulnerable to the
        roller-coaster effects of the long-unstable real estate market,
        according to the findings of a new study conducted for Homes for
        Working Families by Moody's Economy.com. The study, titled
        "Analyzing Affordability in Metropolitan Housing Markets," provides
        the first quantitative analysis that has been conducted to
        determine the effects of the housing crisis by geographical area,
        income group and duration. The study will be released on Jan. 31,
        2008. Experts from Homes for Working Families and Moody's
        Economy.com will provide an in-depth analysis of the study's
        findings and take questions.

Who:    Beverly Barnes, executive director, Homes for Working Families
        Amy Hosier, director of research and policy, Homes for Working
        Families
        Celia Chen, director of housing economics, Moody's Economy.com

Where:  Conference call. To receive dial-in information for the call, send
        an e-mail from your business e-mail address to Megan McAtee at
        mmcatee@homesforworkingfamilies.org. Please be sure to include your
        name and the name of your media outlet.

When:   Jan. 31, 2008
        11 a.m. EST
        Duration: 1 hour

Homes for Working Families is a national, nonprofit organization dedicated to advancing policy changes that make safe, good-quality homes affordable for America's working families. For more information visit www.homesforworkingfamilies.org.

Contact Information

  • Contact:
    Kathryn St. John
    202-580-6224