From the Joint Center for Housing Studies at Harvard University comes a troubling report describing the demands low-income people (annual household income less than $25,000) face in paying for food, energy and housing. In recent years, the problem has become far more acute as the rents across the board have increased. Between January-2024 and June-2024, the Census Bureau found that 59% of renter households earning less than $25,000 found it difficult to pay for rent, food, car payments, medical expenses, and other necessities. And the challenges aren’t limited to the low-income demographic. Of households earning $75,000 or more, 28% found it difficult to manage these same core expenses.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

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