By The Associated PressA couple from Michigan, who were looking for an apartment in Chicago, rented an apartment on the East Coast for $3,000, but were surprised when the owner told them they could not move in.
The couple, who asked to be identified only by their first name, Robert, were in their 20s and were living in New York when they decided to move to Detroit in August.
They rented an upper-level apartment for $2,000.
“We had heard a lot of positive things about the apartment, but the owner made it very clear to us that we could not live there,” Robert said.
“The city is in chaos.
There’s a huge influx of people.”
The couple has been looking for a home for about two years.
They moved into a four-bedroom, three-bathroom condo last spring.
They plan to rent an apartment near their jobs to supplement their income and have plans to purchase a house someday.
Robert and the other couple who had rented the apartment are not alone in their feelings.
Across the country, many renters are feeling the squeeze of the housing market as they struggle to find affordable housing.
“I feel like it’s the worst of all worlds right now,” said Michelle Sosa, an assistant professor of sociology at the University of Michigan and the author of “The Great Stagnation: Why the World Is in Depression.”
“The supply is really limited.
The supply is just not enough to go around.
We have so much inventory in the marketplace, it’s literally impossible for people to move into a house.”
The U.S. economy has shrunk by more than $1 trillion in the past year, and that number will only grow by another $1.5 trillion over the next five years, according to a new report by The Associated Board of Economics.
Many Americans are struggling to make ends meet because they can’t afford to buy homes.
The AP’s analysis found that rental market conditions worsened in all major cities from July to September, with prices for housing in many cities rising at rates that are at least 10 percent higher than they were during the peak of the Great Recession in 2009.
The AP’s study included data from the Federal Reserve’s Housing Affordability Index, which measures affordability in a variety of ways, including the average cost of renting an apartment.
Renters in several states have complained that the housing bubble has not helped them find affordable apartments.
In Arizona, for example, a housing market that is widely viewed as the best in the nation is experiencing a housing shortage, according a report by the Arizona Association of Realtors.
In the Phoenix metro area, the number of rental properties sold this year was a record low and rents are expected to continue to climb.
“If you were to walk down the street in Phoenix and look at the median home price, you’d see it’s well below what it was a few years ago,” said Dan Johnson, a real estate agent in Phoenix.
“In a good market, you’re going to be able to buy a house for $500,000.”
The AP report also found that the number who are buying homes for the first time in their lives is also growing rapidly.
About two-thirds of Americans who bought their first homes in 2015 were in a rental market, up from 58 percent in 2012.
But the average age of first-time home buyers has risen to 43, from 35 in 2012, the AP found.
Rental demand in cities like Seattle and Portland, Oregon, has been particularly strong.
The housing market is expected to expand by almost 3 percent over the year and to grow by 4.2 percent in 2024, according the report.
The housing sector is expected be worth about $9.2 trillion, according that projection.
The U, S., and E.U. have seen a wave of recent increases in the supply of housing for rent, but it has been slower in some cities.
Cities in Canada and Europe are experiencing a “surge in home ownership” as people move into more expensive cities and prices of housing are falling.
In Seattle, the percentage of renters living in homes worth more than the median income increased from 6.7 percent in 2013 to 10.1 percent in 2016, according data from Real Estate Board of Greater Seattle.
And in Portland, rents are rising at more than 6 percent annually, the most recent year for which data are available.
In the Bay Area, San Francisco has been especially hot.
Renters there have risen from 2.3 percent of the population in 2015 to 3.1% in 2016.
The average price of a single-family home in the city is up 9.3% over the same period, according Real Estate Information Services.
In Portland, the proportion of renters who own a home worth more of than the average income has risen from 6 percent in 2015, to 10 percent in 2017.
That is the fastest rate of increase in the state since the early 2000s.
The rate of rise in Portland has been driven