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Published January 26, 2024

Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

Written by John Hurlbut

Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] header image.

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.

Tags

buyers, HomeOwnerhip, mortgagerates, HomePriceForecasts, WageIncreases, wealthbuilding, RealEstate, RealEstateAgent, WA, PNW, PierceCounty, Puyallup, BonneyLake, Tacoma

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