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

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Written by Panama City Mortgage Mortgage Syndicated User on January 27, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Market Updates, Mortgage Panama City Beach, Move-Up Buyers, Panama City Beach Mortgage, Pricing.

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

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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