BREAKING: The median US mortgage payment hits a record of $2,894/month in May 2024, up 14.1% compared to last year.
— The Kobeissi Letter (@KobeissiLetter) June 6, 2024
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
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