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Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
January 26, 2024
![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] Simplifying The Market](https://i0.wp.com/myhelpcomesfromthelord.com/wp-content/uploads/2024/01/202401-1.png?w=358&ssl=1)
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.