The Top 3 Reasons Affordability Is Improving

<article class="post-1219115 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1219115"><span class="entry-date">October 4, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">The Top 3 Reasons Affordability Is Improving</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=The+Top+3+Reasons+Affordability+Is+Improving&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fthe-top-3-reasons-affordability-is-improving%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="The Top 3 Reasons Affordability Is Improving Simplifying The Market" decoding="async" loading="lazy" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241003/20241004-Top-3-Reasons-Affordability-Is-Improving-KCM-Share-original.jpg" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241003/Top-3-Reasons-Affordability-Is-Improving-MEM-original.jpg" rel="noopener noreferrer" target="_blank"><img alt="No Caption Received" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241003/Top-3-Reasons-Affordability-Is-Improving-MEM-original.jpg"/></a></p>
<h3>Some Highlights</h3>
<ul>
<li><a href="https://www.simplifyingthemarket.com/2024/09/20/lower-mortgage-rates-boost-your-buying-power-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">Affordability</a> is based on three key factors: <a href="https://www.simplifyingthemarket.com/2024/09/17/mortgage-rates-drop-to-lowest-level-in-over-a-year-and-a-half/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">mortgage rates</a>, home prices, and wages.</li>
<li>And today, it’s improving quickly as <a href="https://www.freddiemac.com/pmms/archive" rel="noopener noreferrer" target="_blank">rates</a> come down, <a href="https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-20-city-composite-home-price-nsa-index/#news-research" rel="noopener noreferrer" target="_blank">prices</a> level off, and <a href="https://fred.stlouisfed.org/series/CES0500000017" rel="noopener noreferrer" target="_blank">wages</a> climb. </li>
<li>If you put your search on pause because it was too expensive to buy, connect with an agent to talk about why now may be the <a href="https://www.simplifyingthemarket.com/2024/09/16/the-best-time-to-buy-a-home-this-year/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">perfect time</a> to jump back in.</li>
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