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One in four U.S. homeowners paid condo or HOA fees in 2024, about 21.6 million households. Of those, 3 million faced steep charges topping $500 a month, according to a new U.S. Census Bureau survey. "This is an added burden on home affordability that many buyers may not take into account in their housing budget, and one that is increasingly expensive," says Realtor.com senior economist Joel Berner. "HOA fees are becoming more common and more costly, and homeowners who are already spread thin fac
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One in four U.S. homeowners paid condo or HOA fees in 2024, about 21.6 million households. Of those, 3 million faced steep charges topping $500 a month, according to a new U.S. Census Bureau survey. "This is an added burden on home affordability that many buyers may not take into account in their housing budget, and one that is increasingly expensive," says Realtor.com senior economist Joel Berner. "HOA fees are becoming more common and more costly, and homeowners who are already spread thin fac
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Most first-time buyers assume the price on the floorplan is what they’ll pay—but in new construction, the real cost is almost always higher. Here’s what often adds up: • Lot premiums – corner lots, larger lots, or preferred locations can add thousands. • Upgrades & selections – flooring, cabinets, countertops, and kitchen layouts are usually not included in the base price. • Builder incentives – credits for closing costs or upgrades can change weekly, meaning timing matters. • Other fees – HOA,
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