10/19/2026
While mortgage rates were significantly higher in the 1980s, home prices were much lower relative to household incomes. Today, buyers are dealing with a mix of higher home prices, borrowing costs, and wages that have not always kept pace.
As a result, even with lower rates compared to decades ago, the overall cost of buying a home can feel more challenging.
Affordability is influenced by far more than interest rates alone, including local market conditions, home prices, financing costs, and individual financial situations.
🌟 The focus should not be on comparing today to the past, but on understanding current opportunities and building a strategy that fits your goals. Reach out for guidance on navigating today’s market and exploring your options as a buyer.
