Single-Family Strategy

Jul 23, 2024 | fanniemae.com | Rachel Zimmerman |Lauren Hoffman |Single-Family Strategy

When analyzing housing affordability, economists and industry observers closely track changes in top-line measures like home prices, rents, and mortgage rates. However, there are many other housing-related costs that, individually and in aggregate, meaningfully impact affordability for both homeowners and renters, including real estate taxes, insurance, utilities, routine maintenance, and homeowners' association (HOA)/condo fees, among others.