How the U.S. Fares Internationally for Housing Affordability

January 27, 2015

The “median multiple” is the number that the median income in an area is multiplied by in order to afford a home there.

According to the 11th Demographia International Housing Affordability Survey, the U.S. has a near monopoly on housing affordability compared to the other markets measured – Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, and the United Kingdom. Two-thirds of U.S. markets were affordable or moderately unaffordable, and all but four of the 27 most affordable cities were in the U.S., The Huffington Post reports.

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