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
How To Get Your House Ready To Sell in 2025
Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
What’s Behind Today’s Mortgage Rate Volatility?
If the Fed cut rates again, why are mortgage rates still high?
Is Wall Street Really Buying All the Homes?
Don’t Let These Two Concerns Hold You Back from Selling Your House
The Big Difference Between Renter and Homeowner Net Worth
Should You Sell Your House or Rent It Out?
More Homes, Slower Price Growth – What It Means for You as a Buyer
What’s Motivating Homeowners To Move Right Now
