3 Factors that affect home affordability
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Though affordability hurdles won't completely disappear, current trends and projections predict that 2023 should relieve homebuyers who have faced growing challenges. Contact us to learn more about what's happening in your local market – you may be closer to homeownership than you think!
Even a small change in rates can impact purchasing power. If high rates are pausing your home buying plans, be sure to work with a team of experts who know the latest on mortgage rates and can give you the best advice for the current market.
Though home prices have headlines over the fast few years, it all depends on your local area. For insight into affordability in your market, reach out to a trusted real estate professional.
Depite recent affordability challenges like inflation, wages have increased over time, providing many buyers with renewed opportunities in the market.
