Homes Are Now the Least Affordable Since 2008

Despite low mortgage rates and higher wages, soaring house prices mean owning a home eats up more of our income than any time since 2008. This chart shows the spike. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

| TODAY Homes Are Now the Least Affordable Since 2008 Despite low mortgage rates and higher wages, soaring house prices mean owning a home eats up more of our income than any time since 2008. This chart shows the spike. READ MORE > More Stories: US Has Always Averted Debt Ceiling Brink, So Far 0 - That's how many times in modern history the U.S. government has defaulted on its debt, despite frequent political standoffs over the government's borrowing limit. READ MORE  > SPONSORED BY CREDIT KARMA Ready to Refinance? What to Consider Before You Do Refinancing a mortgage can be a great way to lower your monthly payments. Keeping a few factors in mind can help ensure that you get the best rate. LEARN MORE > Saving Rate Falls as Stimulus Fades, Spending Increases Saving rates have fallen sharply since the onset of the pandemic, new data shows, partly because government support has faded and consumers are back to spending again. READ MORE > Typical Minimum Balance for Traditional Savings Accounts Savings accounts have requirements for minimum balances. Learn about the typical minimum balance requirements and what happens if you don't meet them. READ MORE > How To Get a Certificate of Liability Insurance for Your Business A certificate of liability insurance provides an overview of your liability policies and serves as evidence of liability insurance. Learn how it works and why it matters. READ MORE > What Is an Airport Tax? Airport taxes are taxes included in the price of your plane ticket that are levied on airlines and passed on to you. Learn more about the different types of airport taxes. READ MORE > Mortgage Rates & Trends, Oct. 5, 2021 The average 30-year mortgage rate fell for a second day as offers for most major types of home loans dropped or held steady. READ MORE > Email sent to: spiritofpray.satu@blogger.com You are receiving this newsletter because you subscribed to The Balance Today newsletter. If you wish to unsubscribe, please click here A DOTDASH BRAND 28 Liberty Street, 7th Floor, New York, NY 10005 © 2021 Dotdash - All rights reserved. Privacy Policy.

                                                           

Share this post