The Top 3 Reasons Affordability Is Improving

October 4, 2024

Affordability is based on three key factors: mortgage rates, home prices, and wages.

The Top 3 Reasons Affordability Is Improving

In this Article...

Charleston residents, exciting developments are underway in the real estate market that could benefit potential homebuyers. Affordability is on the rise, driven by falling mortgage rates, stabilized home prices, and increasing wages. Charleston Home is ready to help you navigate these promising changes.

The Top 3 Reasons Affordability Is Improving

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Some Highlights

  • Affordability is based on three key factors: mortgage rates, home prices, and wages.
  • And today, it’s improving quickly as rates come down, prices level off, and wages climb. 
  • 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 perfect time to jump back in.
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