- 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.
Home affordability depends on three factors: mortgage rates, home prices, and wages.
[expired_at] => [featured_image] => https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240125/202401-1.PNG [id] => 40875 [kcm_ig_caption] => 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. [kcm_ig_hashtags] => firsttimehomebuyer,opportunity,housingmarket,househunting,makememove,homegoals,houseshopping,housegoals,investmentproperty,emptynest,downsizing,locationlocationlocation,newlisting,homeforsale,renovated,starterhome,dreamhome,curbappeal,keepingcurrentmatters [kcm_ig_quote] => Why it's more affordable to buy a home this year. [public_bottom_line] =>- 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.
Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
Home affordability depends on three factors: mortgage rates, home prices, and wages.