Yes indeed

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

June 6, 2024

BREAKING: The median US mortgage payment hits a record of $2,894/month in May 2024, up 14.1% compared to last year.

This means that the median new homebuyer is now spending $35,000 PER YEAR on their mortgage.

That's ~47% of the median PRE-TAX household income.

The worst part?… pic.twitter.com/CkCWbxSQRi
— The Kobeissi Letter (@KobeissiLetter) June 6, 2024