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Buyers • January 26, 2024

Why it’s more affordable to buy a home this year?

by Albert Stepniak

Why it’s more affordable to buy a home this year?

  • 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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