The average down payment now takes nearly 7.5 years to save up, and the effect that stat is having on the market is adding to the number of cost-burdened Americans nationwide.
Read More »Home >> Tag Archives: cost burdened
Declining Incomes, Rising Costs Put Pressure on Homeowners
According to newly-released Census Bureau data, more homeowners and renters than ever are cost-burdened, paying more than 30% of their monthly income on rent.
Read More »Number of Cost-Burdened Households Increased During Pandemic
Using newly released data from the Census Bureau, a new blog post outlines how affordability declined during the pandemic, increasing the number of households that are “cost-burdened”—those that pay more than 30% of their income on housing.
Read More »Minority Households Face Greater Threat of ‘Housing Insecurity’
New analysis shows that African-American and Latin homeowners could be more cost burdened due to the impact of COVID-19.
Read More »