More than 80% of recent homebuyers say they regret their purchase, according to a recent survey from Clever Real Estate. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. Property taxes and insurance premiums have been rising at a rapid rate, influenced by inflation and the increase in catastrophic weather events.
Chapters:
0:00 Introduction
1:17 Property taxes
3:44 Homeowners insurance
6:08 Tips for prospective and current homeowners
Produced and Shot by: Charlotte Morabito
Edited by: Nora Rapapport
Additional Camera: Natalie Rice, Emily Rabbideau
Animation: Jason Reginato, Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Why Monthly Home Payments Are Skyrocketing Right Now
Author: CNBC
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News post in August 5, 2024, 6:03 pm.
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