Published January 31, 2024

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

Name: Dawne Hyde | Windermere Real Estate Yakima
Address: 4002 Englewood Avenue, Yakima, WA, 98908, US
Telephone: +15099690657

Written by Dawne Hyde

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.