![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] | North Scottsdale Real Estate & Luxury Homes | Team Picarello](https://awh.armourcloud.io/wp-content/uploads/2024/01/Screenshot-2024-01-26-175624-1024x566.png "Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]")
Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] | North Scottsdale Real Estate & Luxury Homes | Team Picarello](https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240125/Why-Its-More-Affordable-To-Buy-A-Home-This-Year-MEM.png "Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]")
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.
