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Fortune
Fortune
Ian Hughes

‘A glaring blind spot’ in housing affordability: Mortgage underwriting and home appraisals should account for energy costs. Here’s why

(Credit: Joe Raedle - Getty Images)

For generations, homeownership has been a fundamental component of the American Dream. It’s a symbol of prosperity, a catalyst for upward mobility, and the hope to provide your children and their children the opportunities that may not have been afforded to you.

Everyone who owns a home understands the sacrifices made and the hard-earned dollars saved to finally purchase a place to call your own. Ensuring home affordability is crucial to protecting the American Dream, but as homeowners know firsthand, the monthly mortgage payment is just one part of the cost of owning a home. In recent years, many families are struggling with the cost of energy, forcing homeowners to make tough decisions to make ends meet.

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