Homeownership costs spike as insurance premiums, other fees rise
Homeowners have faced a sharp rise in monthly costs over the past five years, reaching new highs in 2024, according to a recent report.In 2024, the median monthly ownership costs for U.S. homeowners with a mortgage increased to $2,035 from the inflation-adjusted $1,960 in 2023, according to data from the American Community Survey (ACS) that was released by the U.S. Census Bureau.That 3.8% increase, driven largely by higher mortgage payments […]