04/10/2024
I know you have heard this before:
“Buying a home is not affordable”
Ever wondered why that is such a common opinion today.
There are 3 key factors that have been affecting home affordability in current times:
Mortgage Rates: Mortgage rates affect you purchasing power.
Home Prices: As more buyers enter the market, home prices go up due to supply and demand.
Wages: Higher wages means you put a smaller amount of your paycheck towards housing costs.
Mortgage rates are going down, home prices are low and wages are going up. This is a great time for buyers who are looking to buy NOW NOW NOW. Need the latest real estate market updates? Connect with me today.
Buy | Sell | Invest
Caitlin Pope, New Jersey Realtor®
(908) 444 - 6824
[email protected]