{"id":4543,"date":"2024-01-26T11:30:00","date_gmt":"2024-01-26T11:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2024\/01\/26\/why-its-more-affordable-to-buy-a-home-this-year-infographic\/"},"modified":"2024-01-26T11:30:00","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:\/\/sandpointrealtyidaho.com\/blog\/2024\/01\/26\/why-its-more-affordable-to-buy-a-home-this-year-infographic\/","title":{"rendered":"Why It\u2019s More Affordable To Buy a Home This Year [INFOGRAPHIC]"},"content":{"rendered":"<body><img data-recalc-dims=\"1\" decoding=\"async\" class=\"wpe_imgrss\" src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2024\/01\/202401-1.png?w=1220&#038;ssl=1\" loading=\"lazy\">\n<div><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2024\/01\/202401-1.png?w=358&#038;ssl=1\" 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%;\">\n<p><a href=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2024\/01\/Why-Its-More-Affordable-To-Buy-A-Home-This-Year-MEM.png?ssl=1\" rel=\"noopener noreferrer\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2024\/01\/Why-Its-More-Affordable-To-Buy-A-Home-This-Year-MEM.png?w=1220&#038;ssl=1\" loading=\"lazy\"><\/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\n<\/body>","protected":false},"excerpt":{"rendered":"<p>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\u2019s good news if you want to buy a home because it means affordability is getting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4544,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-4543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2024\/01\/202401-1.png?fit=750%2C410&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-1bh","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/4543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=4543"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/4543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/4544"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=4543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=4543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=4543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}