Part 5/9:
Soaring Housing Prices: Real estate prices have skyrocketed, particularly since 2021, making home ownership an unattainable goal for many families.
Increased Rent: A significant rise in rental prices has led to more frequent evictions, pushing individuals out of secure living situations.
Lack of Housing Supply: Current estimates suggest a shortfall of approximately 3.7 million housing units across the nation.
Inflation: With inflation consistently affecting everyday living costs, many individuals and families do not have enough income left after expenses for stable housing.
Immigration: The surge of immigrants in recent years has also contributed to increased homelessness, particularly where local resources are already stretched thin.