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
What Buyers Say They Need Most (And How the Market’s Responding)
Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers
Downsizing Without Debt: How More Homeowners Are Buying Their Next House in Cash
Why Buyers and Sellers Face Very Different Conditions Today
3 Reasons Affordability Is Showing Signs of Improvement This Fall
Do You Know How Much Your House Is Really Worth?
Why Now May Be a Key 2025 Moment To Sell Your House
What a Fed Rate Cut Could Mean for Mortgage Rates
Patience Won’t Sell Your House. Pricing Will.
Mortgage Rates Just Saw Their Biggest Drop in a Year
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
tyronetoneytherealtor@gmail.com
4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States