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Why It’s More Affordable To Buy a Home This Year
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Why It’s More Affordable To Buy a Home This Year
January 29, 2024
Categories
Buying and Selling
Tags
cincinnati real estate
Housing Affordabilty
Keeping Current Matters
Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
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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.
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