Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.
Source: Inman News
Housing costs force Americans earning less than $50K to sacrifice
Published in advice for renters, affordability, cost-burdened renters, Gen Z Homebuyers, gen z renters, home buying, homeownership, housing affordability, Markets & Economy, millennial homebuyers, millennial renters, monthly mortgage payment, mortgage payment, News Brief, Redfin, Redfin survey, Rentals and Select
More from advice for rentersMore posts in advice for renters »
More from affordabilityMore posts in affordability »
- October brought the strongest buyer’s market in 12 years: Redfin
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
- Why affordability hits different in a military market
- 8M reasons to focus: A data-driven Q4 reality check for real estate
- A 7-home estate and a former talk show host’s Montecito hideaway among September’s priciest sales
More from cost-burdened rentersMore posts in cost-burdened renters »
More from Gen Z HomebuyersMore posts in Gen Z Homebuyers »
- Most Gen Z sellers have regrets over pandemic home purchases
- Renter households surge as homeownership costs climb
- ‘Hidden’ homeownership costs locking potential buyers in place
- Millennials and Gen Z have a plan for buying homes: Scratch and win
- Gen Z’s priorities lie with pets not partners in home searches: Survey
More from gen z rentersMore posts in gen z renters »
More from home buyingMore posts in home buying »
- Paraspot AI sees the future of property inspection: Tech Review
- Brandi Marshall on ‘Selling the OC’ stardom, feuds and a brutal real estate market
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
- Realtor.com’s FlyAround offers a bird’s-eye view of the market
- How local outreach and community events build trust and client loyalty
More from homeownershipMore posts in homeownership »
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Kevin Brown shares his plans as NAR’s new president (EXCLUSIVE)
- 53% of US homes lost value from 2024 — but it’s not a crash
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from housing affordabilityMore posts in housing affordability »
- 8 reasons you should never recommend a 50-year mortgage
- Are 50-year mortgages an affordability fix or a time bomb?
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Veterans have been ‘priced out,’ left behind by the housing market
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
More from Markets & EconomyMore posts in Markets & Economy »
- October brought the strongest buyer’s market in 12 years: Redfin
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Stop begging for deals: 9 real-world tips for negotiating concessions
- 5 reasons your plumber is quietly richer than you
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
More from millennial homebuyersMore posts in millennial homebuyers »
More from millennial rentersMore posts in millennial renters »
More from monthly mortgage paymentMore posts in monthly mortgage payment »
More from mortgage paymentMore posts in mortgage payment »
More from News BriefMore posts in News Brief »
- October brought the strongest buyer’s market in 12 years: Redfin
- HUD shifts homeless policy away from providing permanent housing
- NAR scores a victory in buyer commission lawsuit
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
More from RedfinMore posts in Redfin »
- October brought the strongest buyer’s market in 12 years: Redfin
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Realtors reject proposal to require disclosure of more referral fees
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
More from RentalsMore posts in Rentals »
- 6 intelligent tech tools every agent-landlord can leverage
- How to help sellers prepare to list a tenant-occupied property
- Selling a property with tenants living in it? Here’s what to know
- Gen Z is changing the rules of renting. Are you ready?
- Single-family rentals continue to grow as a desirable asset class
More from SelectMore posts in Select »
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Stop begging for deals: 9 real-world tips for negotiating concessions
- 5 reasons your plumber is quietly richer than you
- Here’s why SMART goals are dumb and STUPID goals work better
- NAR by the numbers: Dues flat, members ‘sticky,’ cost cuts ahead
Be First to Comment