Housing, including utility bills, is the largest expense for Europeans and its share of household expenditure has risen significantly over the past two decades. Housing costs also represent a ...

You'll need an annual income of at least $215,000 if you're hoping to afford payments on a $1 million home with a $5,000 monthly mortgage payment.

Typically, experts recommend you spend no more than 28 percent of your gross monthly income or 25 percent of your net monthly income on mortgage payments. Today, you may find yourself spending ...