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.
Categories
Recent Posts
Simple steps can make a home listing stand out
Why more Americans are turning to co-buying to afford a home
Foreclosed homes give buyers another path to savings
AI and home automation expected to reshape daily living within 20 years
Team growth needs more than new agents
Most aspiring buyers say finances are blocking homeownership
Florida metros logged nearly 7,500 new-home permits in June
When a listing lingers, start with the data
VA loan knowledge can open more doors
Florida home sales gain momentum, extend growth streak to 10 months
