Homeowner expenses outpaced inflation from 2021 through 2023
September 16, 2025
September 16, 2025
MINNEAPOLIS, Minnesota, Sept. 16 -- The Federal Reserve Bank of Minneapolis issued the following analysis:
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Homeowner expenses outpaced inflation from 2021 through 2023
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From 2021 through 2023, overall housing costs for homeowners with mortgages increased by 1.6 percent after adjusting for inflation. 1 Mortgage principal and interest costs declined over that period, by a relatively modest 0.9 percent. Other housing costs, like property ta . . .
* * *
Homeowner expenses outpaced inflation from 2021 through 2023
*
From 2021 through 2023, overall housing costs for homeowners with mortgages increased by 1.6 percent after adjusting for inflation. 1 Mortgage principal and interest costs declined over that period, by a relatively modest 0.9 percent. Other housing costs, like property ta . . .