Some of the most sought-after cities in the U.S. face a growing affordability crunch. While San Francisco and New York are known for especially high housing costs, places such as Seattle, Boston and Washington are finding more people priced out.
It’s a long way from the days when cities were grappling with an exodus of people and their wealth; now they fear becoming too exclusive. A recent analysis by real-estate information company Zillow Group Inc. shows many homeowners spending at least a third of their income on mortgages in some cities, while renters in general spend an even bigger percentage of their income on housing.
“If you ask mayors across the country, their No. 1 problem is affordable housing,” saysSvenja Gudell, chief economist for Zillow.
With that in mind, here are strategies from economists, city planners and other urban experts on how to make housing more affordable in the decades ahead.
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