![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]](https://yuntonghomes.com/wp-content/uploads/2024/01/Why-Its-More-Affordable-To-Buy-a-Home-This-Year-INFOGRAPHIC.jpg)
Some Highlights
- Home affordability depends on three factors: mortgage rates, home prices, and wages.
- Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.
- That’s good news if you want to buy a home because it means affordability is getting better.
![Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]](https://yuntonghomes.com/wp-content/uploads/2024/01/Home-Prices-Forecast-To-Climb-over-the-Next-5-Years-INFOGRAPHIC-1-300x200.jpg)
