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As temperatures increase and home-buying season commences, it's a great time for your business to consider implementing an employee benefit that could help attract and retain further talent. Homeowner assistance benefits, or employer-assisted housing (EAH) programs, are becoming increasingly important for employees as the cost of living rises due to inflation and high mortgage rates.
A record number of Americans are struggling to afford their mortgage payments. On top of that, home prices continue to surge in most major U.S. metro areas. According to Realtor Magazine, some markets even posted double-digit gains in home prices at the end of 2023.
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