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Redfin: Typical Household Earns $30,000 Less Than Needed to Afford Median-Priced Home
Buyers need to earn $114,000 to afford the typical U.S. home--35% more than the typical household makes, according to Redfin, Seattle.
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Homeowners Average Almost $18,000 Per Year on Non-Mortgage Expenses
The average homeowner spends $17,958 on non-mortgage expenses, a recent study found, listing categories such as maintenance, improvements, utilities, property taxes and insurance.
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Industry Briefs April 1, 2024
Industry news from FHFA, ICE, Truv and Kriss Law/Atlantic Closing & Escrow.