Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
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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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Anil Kanapadinhare
REALTOR® | Lic# SC 101974 | NC 294451