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  • Casual Articles - Homeowners Worry About Losing Their Homes

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    th like and can afford," said NAR president Thomas Stevens.

    "Many families are struggling to meet the high cost of homeownership, and increasingly those costs ar

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    A recent survey by the National Association of Realtors shows that one out of three homeowners are concerned that they will have to sell their homes.

    Pressures include rising property taxes and increased electrical, fuel and energy costs.

    The survey found that 66% of Americans believe that high monthly payments are the greatest obstacle to buying a home -- not high down payments, as many industry insiders say.

    Only 14% say that rising mortgage interest rates would stop them from owning a home.

    "It's clear America is facing a crisis in housing opportunities with nearly two-thirds of families concerned about being able to find a home they both like and can afford," said NAR president Thomas Stevens.

    "Many families are struggling to meet the high cost of homeownership, and increasingly those costs are

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    nclude rising property taxes and increased electrical, fuel and energy costs.

    The survey found that 66% of Americans believe that high monthly payments are the greatest obstacle to buying a home -- not high down payments, as many industry insiders say.

    Only 14% say that rising mortgage interest rates would stop them from owning a home.

    "It's clear America is facing a crisis in housing opportunities with nearly two-thirds of families concerned about being able to find a home they both like and can afford," said NAR president Thomas Stevens.

    "Many families are struggling to meet the high cost of homeownership, and increasingly those costs ar

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    eatest obstacle to buying a home -- not high down payments, as many industry insiders say.

    Only 14% say that rising mortgage interest rates would stop them from owning a home.

    "It's clear America is facing a crisis in housing opportunities with nearly two-thirds of families concerned about being able to find a home they both like and can afford," said NAR president Thomas Stevens.

    "Many families are struggling to meet the high cost of homeownership, and increasingly those costs ar

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    "It's clear America is facing a crisis in housing opportunities with nearly two-thirds of families concerned about being able to find a home they both like and can afford," said NAR president Thomas Stevens.

    "Many families are struggling to meet the high cost of homeownership, and increasingly those costs ar

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    th like and can afford," said NAR president Thomas Stevens.

    "Many families are struggling to meet the high cost of homeownership, and increasingly those costs are property taxes and energy utilities."

    Thirty-four percent of those polled said that rising property taxes are their greatest concern. Twenty-eight percent pointed to increasing energy costs as a crucial worry point.

    In 2003, the average monthly mortgage payment was $840. By 2005, the average increased 23.8% more to $1,040.

    In the past year, the average monthly payment has risen 11.5% to $1,132 in April of 2006.

    The price of electricity in February was estimated to be 12% higher than the previous February, according to the Energy Information Administration. Natural gas prices increased 28%, while home heating oil was up 25%.

    The aver

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