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.
Robert Berry( Real Estate Marketing Expert )
Robert is a real estate marketing expert and educator who blends deep industry insight with world-class creative strategy. As the driving force behind CityLight’s in-house marketing and advertising agency, he leverages years of experience leading award-winning campaigns for brands like Virgin, MTV Networks, Harvard University, Daymond John, Partners HealthCare, and MIT—before channeling that expertise into transforming how homes are marketed and sold.
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.