Home valuations are rising faster than incomes

Record inflation is prompting some to question the value of homeownership as an investment.

Home prices have been rising faster than incomes, increasing the cost of maintaining a home.

Over 25% of homeowners with mortgages are “cost-burdened,” spending more than 30% of their income on housing, according to a 2023 Chamber of Commerce analysis, CNBC has reported.

read more: https://www.cnbc.com/2024/08/02/inflation-home-insurance-other-monthly-payments-are-skyrocketing.html

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