Typical homeownership costs accounted for the largest portion of wages since 2007 in the second quarter, according to a report from real estate data provider ATTOM.

During that time, major expenses on median-priced homes took up 35.1% of the averag🅺e national wage. That was higher than in prior quarters and more than common lending guidelines recommend, ATTOM said.

Overall, typical monthly homeownership costs—including mort෴gage payments, homeowner insurance, mortgage insurance and property taxes—came to $2,114.

Home Prices, Mortgage Rates Push Costs Higher

澳洲幸运5开奖号码历史查询:Homeownership has been unaffordable for many since high demand ran up prices during the pandemic. Since then, high mortgage rates have compounded the issue by making home loans more expensive and discouraging sellers from 🧸putting their houses on the market.

As a direct result of high costs, 澳洲幸运5开奖号码历史查询:pending﷽ home sales recently hit lows not seen in more than 20 years.

“It's common for these trends to intensify during the Spring buying season when buyer demand increases. However, the trends this year are particularly challenging for house hunters,” said ATTOM CEO Rob Barber.