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

Posted by Robert Berry on February 7, 2024
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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.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. CityLight does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. CityLight will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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