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With millions of people lacking access to affordable and safe homes, the United States housing market is in crisis. Currently, there are 13 severely unaffordable major housing markets in the U.S. and only 10 affordable markets, according to the 14th Annual Demographia International Housing Affordability Survey: 2018. Housing unaffordability in some major markets, including San Jose, Denver, and Portland even exceeds the previously unprecedented level of unaffordability during the housing bubble that precipitated the Great Recession. For many macro- and microeconomic reasons, housing affordability has been and likely will continue to a major issue for many Americans.

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