Tag Archives: affordability ratio

While affordability issues linger for many, a new study from Redfin has found that just a small portion of homes were deemed affordable by modern lending standards.

“Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials,” said Redfin Deputy Chief Economist Taylor Marr.

A new report pinpoints Vancouver as the most unaffordable housing market in North America, but Manhattan and San Francisco are close behind. What other U.S. cities top the list?