Low income housing does NOT affect property values…Really!

Palm springs cathedral city real estateRecently, I have heard from friends, clients and neighbors concerns regarding low income housing developments going in next to existing single-family homes. The concern is that high density rental housing will decrease market valuesHome or neighborhood.

The long story short is that this could not be further from the truth! Don’t take my word for it, check out the attached article from RIS Media:

New Study Shows Low-Income Housing Does NOT Impact Property Values