{"id":5104,"date":"2024-10-04T10:30:00","date_gmt":"2024-10-04T10:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2024\/10\/04\/the-top-3-reasons-affordability-is-improving\/"},"modified":"2024-10-04T10:30:00","modified_gmt":"2024-10-04T10:30:00","slug":"the-top-3-reasons-affordability-is-improving","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2024\/10\/04\/the-top-3-reasons-affordability-is-improving\/","title":{"rendered":"The Top 3 Reasons Affordability Is Improving"},"content":{"rendered":"<body>\n<div><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2024\/10\/20241004-Top-3-Reasons-Affordability-Is-Improving-KCM-Share-original.jpg?w=1220&#038;ssl=1\" alt=\"The Top 3 Reasons Affordability Is Improving 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\/10\/Top-3-Reasons-Affordability-Is-Improving-MEM-original.jpg?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\/10\/Top-3-Reasons-Affordability-Is-Improving-MEM-original.jpg?w=1220&#038;ssl=1\" alt=\"No Caption Received\" loading=\"lazy\"><\/a><\/p>\n<h3>Some Highlights<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/09\/20\/lower-mortgage-rates-boost-your-buying-power-infographic\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\" 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=783612-02a11606fc81d6a6e402d49bc5bfe20b\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rates<\/a>, home prices, and wages.<\/li>\n<li>And today, it\u2019s 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.\u00a0<\/li>\n<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=783612-02a11606fc81d6a6e402d49bc5bfe20b\" rel=\"noopener noreferrer\" target=\"_blank\">perfect time<\/a> to jump back in.<\/li>\n<\/ul>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"<p>Some Highlights Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it\u2019s improving quickly as rates come down, prices level off, and wages climb.\u00a0 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5105,"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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-5104","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":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Some Highlights Affordability is based on three key factors: mortgage rates, home prices, and wages. 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