BUSINESSNY POST
Cost of owning a home has surged $8,500 a year since the pandemic — dramatically faster than inflation
The cost of owning a home in the U.S. has increased by $8,500 annually since the pandemic, with Americans now spending nearly $10,000 more in annual home costs compared to 2020.
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Adjacent reporting
- US home sales surge to the fastest pace this year despite rising mortgage rates and prices
- US home sales surge to the fastest pace this year despite rising mortgage rates and prices
- Income required to afford a median-priced home has almost doubled since 2020, report finds
- Medical costs are rising far faster than inflation and drowning Americans in debt
- Rents around the U.S. are growing more slowly than they have in years
- U.S. existing home sales surged in May to their highest level since December