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

January 26, 2024
Eric Newman
Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Pricing

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.

Eric Newman

The Big Difference Between Renter and Homeowner Net Worth
If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
Should You Sell Your House or Rent It Out?
When you’re ready to move, figuring out what to do with your house is a big decision.
More Homes, Slower Price Growth – What It Means for You as a Buyer
There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy.
What’s Motivating Homeowners To Move Right Now
Over the past few years, some homeowners have decided to delay their move because they don’t want to sell and take on a higher mortgage rate on their next home.
The Majority of Veterans Are Unaware of a Key VA Loan Benefit
For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership.
Why You Need an Agent To Set the Right Asking Price
The #1 task sellers struggle with is setting the right asking price for their house.
Renting vs. Buying: The Net Worth Gap You Need To See
Trying to decide between renting or buying a home?
What To Look For From This Week’s Fed Meeting
You may be hearing a lot of talk about the Federal Reserve (the Fed) and how their actions will impact the housing market right now. Here’s why.
Expect the Unexpected: Anticipating Volatility in Today’s Housing Market
You’ve probably noticed one thing if you’re thinking about making a move: the housing market feels a bit unpredictable right now.
Is a Fixer Upper Right for You?
Looking to buy a home but feeling like almost everything is out of reach?

Some Highlights

Eric Newman

Related Posts