Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Real Estate Market Update • January 30, 2024

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

by Robin Milton

Home affordability depends on three factors: mortgage rates, home prices, and wages.
The good news is affordability is getting better if you want to buy a home.

 

  • Mortgage Rates Are Down from Their Recent Peak
  • Home Prices Are Expected To Rise at a Slower Pace
  • Wages Are Increasing Faster Than Usual

 

Related Articles
Real Estate Market Update What’s Behind Today’s Mortgage Rate Volatility? If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what […]
Real Estate Market Update 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. Maybe you’re thinking the same thing. And honestly, that’s no surprise. It’s a very common roadblock and is one of the biggest factors that’s kept the number of homes […]
Real Estate Market Update Home Values Rise Even as Median Prices Fall Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story. Nationally, home values are actually rising, even if the […]
Home
Properties
About Me
Blog
Neighborhood News
eho-89x83.png
realtor_white-71x83.png

Terms Of Use | Privacy Policy | Accessibility Statement | FAIR HOUSING NOTICE | INFORMATION ABOUT BROKERAGE SERVICES | CONSUMER PROTECTION NOTICE

© 2022 Coldwell Banker Realty