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Homeownership Dreams Dashed: The Great Affordability Crisis

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CNBC, Seattle, Portland, San Francisco, San Jose, Oakland, Los Angeles, Orange County, San Diego, Redfin, Department of Housing and Urban Development, HUD, Northwestern Mutual
Photo by Craig Tidball on Unsplash
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Sarah and Mark had been diligently saving for a house for years. Both were gainfully employed, but even with a healthy six-figure combined income, the typical American home seemed increasingly out of reach. The couple wasn't alone. "Affordability has just totally collapsed," lamented Chen Zhao, senior economist at Redfin, a national real estate brokerage in […]

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