Home Affordability on the Rise: Lower Mortgage Rates, Stabilizing Prices & Increasing Wages

Improving home affordability is a bright spot for potential homebuyers in the current market. This positive trend is driven by a trio of favorable factors: a decrease in mortgage rates from their recent highs, a forecasted moderation in the growth of home prices, and a welcome uptick in wage growth outpacing the norm. These developments collectively signal an increasingly accessible housing market, making now a promising time for those looking to purchase a home.

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