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Why Homeowners Are Struggling To Afford Monthly Expenses

More than 80% of recent homebuyers say they regret their purchase, according to a recent survey from Clever Real Estate. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. Property taxes and insurance premiums have been rising at a rapid rate, influenced by inflation and the increase in catastrophic weather events. Chapters: 0:00 Introduction 1:17 Property taxes 3:44 Homeowners insurance 6:08 Tips for prospective and current homeowners Produced and Shot by: Charlotte Morabito Edited by: Nora Rapapport Additional Camera: Natalie Rice, Emily Rabbideau Animation: Jason Reginato, Christina Locopo Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGB Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC #homeownership #realestate #mortgage Why Homeowners Are Struggling To Afford Monthly Expenses