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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

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

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John Hurlbut

Realtor, CRS, GRI, ABR | Altitude Homes Team | Keller Williams Realty

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