Homes are now affordable in just 6 major American cities

Homeownership is out of reach for most Americans in the majority of the largest cities nationwide.

New findings from Clever Real Estate show that 44 of the 50 biggest metro areas in the U.S. do not have prices low enough to be considered affordable for the median-earning household. 

A home is considered "affordable" for the typical family if it costs no more than 28% of a household's annual income. But for the vast majority of cities, that is not enough to be able to buy a median home at the median local income ...