From REALTOR® Magazine <[email protected]>
Subject Buyers May Need to Seek Homes $40K Cheaper
Date April 14, 2022 6:04 PM
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The average consumer is spending $500 more a month on living expenses than a year ago

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National Association of REALTORS®
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April 14, 2022


Buyers May Need to Go Cheaper 
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Inflation is at a 40-year high, and higher spending on other consumer needs may leave less money for a mortgage payment.


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Property Taxes Climbing at Slower Pace  
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Tax assessments may be lagging behind rising property values and could continue to rise throughout the year.


Rent Jumps by Nearly 20% in 2 Years     
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The U.S. median rental price reached a record high in March. See which markets have experienced the biggest increases.


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Skyrocketing Costs Pushing Americans to Move   
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High-priced real estate markets may grow less attractive as some households become eager to lower their household expenses. 


Building Materials Rise, But Lumber Prices Ease 
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New-home costs likely will continue to go up as rising building material costs squeeze construction budgets. 


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