More Americans are becoming 'house poor' due to high housing costs

More Americans are becoming 'house poor' due to high housing costs

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of household income is considered the threshold for being 'house poor'?

50%

40%

30%

20%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for the increase in housing costs for homeowners?

Increased availability of affordable homes

Lower interest rates

Decreasing property taxes

Rising insurance premiums

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the stock of affordable rental units changed since 2012?

Decreased by 6 million

Increased by 6 million

Remained the same

Increased by 3 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average monthly mortgage payment mentioned in the report?

$2500

$1800

$1500

$2200

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which state is NOT listed as having a high percentage of 'house poor' households?

Hawaii

New York

Arkansas

California