![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]](https://dvine603.com/wp-content/uploads/2024/01/202401-1.png)
Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]
![Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240125/202401-1.PNG)
Home affordability depends on three factors: mortgage rates, home prices, and wages.
Experts Project Home Prices Will Increase in 2024
Even though home prices are going up nationally, some people are still worried they might come down.
3 Key Factors Affecting Home Affordability
Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten.
![Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]](https://dvine603.com/wp-content/uploads/2024/01/20240112-Home-Prices-Forecast-To-Climb-Over-The-Next-5-Years-KCM-Share.png)
Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]
![Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240111/20240112-Home-Prices-Forecast-To-Climb-Over-The-Next-5-Years-KCM-Share.png)
If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.
Thinking About Buying a Home? Ask Yourself These Questions
If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.
Experts Project Home Prices Will Rise over the Next 5 Years
Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future.