Are housing costs changing buyer preferences in Boston?
Massachusetts has the fifth costliest mortgages in the country, according to a report from alternative lending company Hometap. The report estimated the average monthly mortgage payment in the state to be $1,333, and annual home maintenance costs averaged out at $17,461. “It’s no wonder, then, that the top stressor for Boston homeowners is the cost of home repairs and maintenance,” the report’s authors noted. “Eighty-one percent of those surveyed answered that they’re moderately to extremely stressed when factoring this potential cost into the big picture of homeownership.” This article originally appeared on Boston Agent Magazine. Read the full article.