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Buying a Home • January 26, 2024

Why It’s More Affordable To Buy a Home This Year – Infographic

by Drew Jones

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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