{"id":9765,"date":"2024-01-26T06:30:00","date_gmt":"2024-01-26T11:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9765"},"modified":"2024-01-26T06:30:00","modified_gmt":"2024-01-26T11:30:00","slug":"why-its-more-affordable-to-buy-a-home-this-year-infographic","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9765","title":{"rendered":"Why It\u2019s More Affordable To Buy a Home This Year [INFOGRAPHIC]"},"content":{"rendered":"<div><img decoding=\"async\" width=\"358\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2024\/01\/202401-1.png\" alt=\"Why It\u2019s More Affordable To Buy a Home This Year [INFOGRAPHIC] Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear: both; max-width: 100%;\"><\/p>\n<p><a href=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Why-Its-More-Affordable-To-Buy-A-Home-This-Year-MEM.png\" rel=\"noopener noreferrer\" target=\"_blank\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img decoding=\"async\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Why-Its-More-Affordable-To-Buy-A-Home-This-Year-MEM.png\"><\/a><\/p>\n<h3>Some Highlights<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/01\/18\/3-key-factors-affecting-home-affordability\/\" rel=\"noopener noreferrer\" target=\"_blank\">Home affordability<\/a> depends on three factors: mortgage rates, home prices, and wages.<\/li>\n<li><a href=\"https:\/\/www.freddiemac.com\/pmms\/archive\" rel=\"noopener noreferrer\" target=\"_blank\">Mortgage rates<\/a> are down from their recent peak, <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/01\/23\/experts-project-home-prices-will-increase-in-2024\/\" rel=\"noopener noreferrer\" target=\"_blank\">home prices<\/a> are expected to rise at a slower pace, and <a href=\"https:\/\/fred.stlouisfed.org\/series\/CES0500000017\" rel=\"noopener noreferrer\" target=\"_blank\">wages<\/a> are increasing faster than usual.<\/li>\n<li>That\u2019s good news if you want to <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/01\/19\/key-terms-every-homebuyer-should-learn-infographic\/\" rel=\"noopener noreferrer\" target=\"_blank\">buy a home<\/a> because it means <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/01\/08\/what-lower-mortgage-rates-mean-for-your-purchasing-power\/\" rel=\"noopener noreferrer\" target=\"_blank\">affordability<\/a> is getting better.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240125\/202401-1.PNG\" alt=\"Why It\u2019s More Affordable To Buy a Home This Year [INFOGRAPHIC] Simplifying The Market\" loading=\"lazy\" style=\"display: block;margin-bottom: 5px;clear: both;max-width: 100%\"><\/p>\n<p>Home affordability depends on three factors: mortgage rates, home prices, and wages.\u00a0<\/p>\n<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,134,88,84,87,89,121],"tags":[],"class_list":["post-9765","post","type-post","status-publish","format-standard","hentry","category-blog","category-buying-myths","category-first-time-home-buyers","category-for-buyers","category-infographics","category-move-up-buyers","category-pricing"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9765"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9765\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}