Rapid household shifts that resulted from the COVID-19 pandemic have led to dramatic effects on housing affordability, including 2.5 million households disappearing and then reappearing in that time.
That was one of five primary trends according to senior research associate Rob Warnock, author of an Apartment List report released this week.
Significant changes in household composition normally take decades to play out, but in 2020 these gradual movements shifted abruptly. Many proved temporary, but still were impactful.
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