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Homeownership Expenses Consume One-Third of National Average Wage

Homeownership Expenses Consume One-Third of National Average Wage

by Phil Hall | Mar 27, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Major expenses on median-priced homes currently consume 32% of the average national wage, according to the First Quarter US Home Affordability Report published by ATTOM. That share is nearly unchanged from the fourth quarter of 2024 and up by about one percentage...
Nearly One-Third of Homeowners Have $1,000 or Less Saved for Home Emergency

Nearly One-Third of Homeowners Have $1,000 or Less Saved for Home Emergency

by Phil Hall | Oct 27, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

At a time when the average home emergency costs around $2,000 to repair, roughly one-third (31%) of homeowners admit to having $1,000 or less saved for these emergencies. According to a survey of 1,000 adults conducted by Today’s Homeowner, 82% of homeowners...

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