The Top 3 Reasons Affordability Is Improving

Affordability is based on three key factors: mortgage rates, home prices, and wages.

Affordability is based on three key factors: mortgage rates, home prices, and wages.
The number of homes for sale is playing a big role in today’s housing market.
At a national level, the housing market has shifted over the past year.
The asking price for your house can impact your bottom line and how quickly it sells.
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost…
In a recent survey, the National Association of Realtors (NAR) asked sellers what they want most from a real estate agent.
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends…