According to ATTOM data solutions, right now the average household is spending upwards of 35% of their gross income just on their mortgage, taxes and insurance. Which obviously does not include any other cost of running a household like utilities, surprise expenses, or repairs, renovations, etc. And since this figure is based on gross income, people are likely spending well over 50% of their take-home pay just to maintain their houses now. This is the highest level we've seen since 2007 before the housing market took a nosedive.
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Articles Mentioned in the Video
www.floridarealtors.org/news-media/news-articles/2024/07/100-hour-work-week-needed-florida-housing
www.floridarealtors.org/news-media/news-articles/2024/07/florida-insurers-approved-rate-decrease
apple.news/AcxosfquQSKiIxY8ycxPZAw
apple.news/AEXdsCEJDR--Lz9xEd-fS-A
#realestate #housingmarket #homeprices #housingmarketcrash
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8 июл 2024