Javier Lopez - Realtor

The Top 3 Reasons Affordability Is Improving

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, let’s talk about why now may be the perfect time to jump back in.



Mas Preguntas?
👇DM 👇
Javier Lopez
📲 | 215.880.4041 🤳
📧 | [email protected]
💳 | EXP REALTY - 888.397.7352 x292

Las 3 razones principales por las que la asequibilidad está mejorando La asequibilidad se basa en tres factores claves: las tasas hipotecarias, los precios de las casas y los salarios. 

Home Values Rise Even as Median Prices Fall

Nationally, home values are actually rising, even if the median price is down a bit. Let’s break down what’s really happening so you can make sense of the market without getting caught up in the fear the headlines create.

Homes on the Market Right Now Are Smaller

The biggest reason for the dip in median price is the size of homes being sold. The median price reflects the middle point of all the homes for sale at any given time. And that’ll be affected by the mix of homes on the market.

Right now, there’s a greater number of smaller, less expensive homes on the market, and that’s bringing the overall median price down. But that doesn’t mean home values are declining.

Price Per Square Foot Is Still Rising

This means that while smaller homes are...



Ready To make a move?
👇DM 👇
Javier Lopez
📲 | 215.880.4041 🤳
📧 | [email protected]
💳 | EXP REALTY - 888.397.7352 x292

Home Values Rise Even as Median Prices Fall Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

Buying Beats Renting in 22 Major U.S. Cities

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.

You see, talking with a local real estate agent about what’s happening in your market before this happens in your ideal neighborhood could really change the game for you. It’s all about being informed by a true expert, and understanding what was out of reach before might actually be getting more affordable than you think.

Now, while...



Ready To make a move?
👇DM 👇
Javier Lopez
📲 | 215.880.4041 🤳
📧 | [email protected]
💳 | EXP REALTY - 888.397.7352 x292

Buying Beats Renting in 22 Major U.S. Cities That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.