![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]](https://cdn.agentimagehosting.com/i9r2SPOdAZlBP2tkeNPcE/2024/01/03155448/affordable-homes-1.jpg)
![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]](https://cdn.agentimagehosting.com/i9r2SPOdAZlBP2tkeNPcE/2024/01/03155455/affordable-homes-2-scaled.jpg)
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.