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

Written By Jeremy Kilbourne

Key Points to Note:

The affordability of homes is influenced by three main factors: mortgage rates, home prices, and wages.

Currently, mortgage rates have decreased from their recent high, there is an anticipation of a more gradual increase in home prices, and wages are growing at an accelerated rate.

This positive trend is advantageous for potential homebuyers, signaling an improvement in overall affordability.

When you’re ready to get the process started, let’s connect.

Jeremy Kilbourne

Jeremy is Arch Mortgage North’s Lead Loan Officer. Bringing experience, compassion and creativity to the mortgage lending process, Jeremy loves helping clients achieve their home ownership goals.

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