If Buying a Home Would Blow Up Your Budget, You Aren't Alone [TheStreet.com]
Vacasa, Inc. (VCSA)
Company Research
Source: TheStreet.com
"The median income needed to buy a typical home has risen to $88,300, almost $40,000 more than it was prior to the start of the pandemic, back in 2019,", chief economist of the National Association of Realtors (NAR). If you’ve bought a home recently, you know what it’s like to meet your mortgage obligations. The monthly mortgage payment on a typical existing single-family home with a 20% down payment was $1,840 in the third quarter, NAR reported. That represents a trivial rise from $1,837 in the second quarter. But the figure soared 50%, or $614, from $1,223 a year ago. Families typically spent 25% of their income on mortgage payments in the third quarter, down slightly from 25.3% in the second quarter, but way up from 17.2% a year ago. Shutterstock First-Time Home Buyers The burden is particularly severe for first-time buyers. For a typical starter home valued at $338,700 with a 10% down-payment loan, the monthly mortgage payment registered $1,808 in the third quarter. That ba
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VCSA
Earnings
- 2/28/24 - Beat
VCSA
Sec Filings
- 3/28/24 - Form 144
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- VCSA's page on the SEC website