HousingWire Spotlights Hometap Findings on Cost Pressures Facing Homeowners

It may come as no surprise, but a new survey from Hometap, released on Tuesday, confirms that more than half of U.S. homeowners are feeling financially strained as homeownership costs continue to rise faster than incomes, pushing long-term goals further out of reach.

Still, many remain determined to hang onto their homes as they view them as a cornerstone of long-term value.

The financial realities of homeownership have shifted in recent years as property taxes, insurance premiums and maintenance costs have increased alongside home values, further straining homebuyer budgets. As a result, many are finding it harder to keep up even as their homes grow in value.

This article originally appeared in HousingWire. Read the full article here.