Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
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
Mortgage Rates Recently Hit a 3-Year Low. Here’s Why That’s Still a Big Deal.
Why Rising Foreclosure Headlines Aren’t a Red Flag for Today’s Housing Market
Home Updates That Actually Pay You Back When You Sell
Are Big Investors Really Buying Up All the Homes? Here’s the Truth.
The #1 Regret Sellers Have When They Don’t Use an Agent