Costs of Owning & Maintaining a Home in the US Are Record High | EWTN News Nightly

About this sermon

A new study is sounding the alarm over the cost of owning and maintaining a single-family home in the US. According to findings from Bankrate, the price of owning and maintaining a home is more than $18,000 a year not including the mortgage. That's 26% more than just 4 years ago. Bankrate says the hike in hidden costs are due to inflation, an increase in housing prices and soaring insurance premiums. Director of Social Research and Associate Professor at the Catholic University of America, Catherine Pakaluk, joins to talk to us more about these hidden costs. Pakaluk discusses how this is affecting home sales if at all. She shares whether these price increases are across the board or whether there are certain areas of the country where costs are lower. Pakaluk tells us when the last time was that home costs were this high. She gives advice for potential home buyers. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf