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housing costsCNBC
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85% Informative
More than 1 in 4 homeowners with mortgages are considered "cost-burdened," according to a 2023 analysis by the Chamber of Commerce .
Property taxes and home insurance rates are rising, influenced by inflation and the increase in catastrophic weather events.
Single-family homeowners accumulate an average of $ 225,000 in wealth from their homes during a 10-year period.
"You should be interviewing insurance companies," Viehman said. "Interview everyone. Interview a few lenders. Interview a few realtors. Interview a few insurance agents because they all have different things that they offer, and you need to find what works best for you." Watch the video above to learn more about why home payments are skyrocketing and what homebuyers can do to help navigate in this challenging market..
VR Score
87
Informative language
87
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56
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English
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8
Source diversity
5
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