Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240125/202401-1.PNG)
Some Highlights
- Home affordability depends on three factors: mortgage rates, home prices, and wages.
- Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.
- That’s good news if you want to buy a home because it means affordability is getting better.
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Jessica J Baldovinos
REALTOR® NCREA CREIPS | License ID: 312309