Story perspectives

U.S. Housing Crisis: Only 71 Cities Affordable for Couples

9/12/2025

Summary

Story summary

An analysis shows that only 71 of the 100 largest U.S. metro areas are affordable for married couples, with New Jersey experiencing notable affordability issues.
In New Jersey, home prices rose significantly while wages increased by only 1.4%, leading many families to rent.
Globally, countries like Canada, New Zealand, and Australia face similar housing crises, where rising prices exceed wage growth.
In the U.S., affordability remains a critical concern, especially in cities like San Francisco and New York.
The UK and Ireland also struggle with housing affordability, with many workers spending over half their income on housing.

History

Historical Context

The 2008 financial crisis triggered a significant decline in U.S. homeownership, with rates dropping to 65.1% in 2010, the lowest since 1998. This downturn led to increased foreclosures and a shift towards rental markets, a trend mirrored in cities like San Francisco and New York, where only 71 of the 100 largest metro areas are now considered affordable for families.

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Story summary

An analysis shows that only 71 of the 100 largest U.S. metro areas are affordable for married couples, with New Jersey experiencing notable affordability issues.
In New Jersey, home prices rose significantly while wages increased by only 1.4%, leading many families to rent.
Globally, countries like Canada, New Zealand, and Australia face similar housing crises, where rising prices exceed wage growth.
In the U.S., affordability remains a critical concern, especially in cities like San Francisco and New York.
The UK and Ireland also struggle with housing affordability, with many workers spending over half their income on housing.

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