It’s no secret that inflation is on the rise across the U.S. economy. American consumers are emptying their wallets to afford gas, groceries, and clothing. The housing market, which plays a central role in our economy, is even worse, with prices rising nearly 19 percent in 2021.
The ravages of inflation, however, are not the only costs currently affecting prospective homeowners. There are rising interest rates, efforts to diminish competition in the mortgage market, and loads of other fees. One such fee is The Work Number, a little-known company that verifies employment and wages of would-be home buyers. The Work Number began in 1994 under TALX, before eventually being acquired by Equifax Inc. in 2007.
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