Affordable Home Buying in 2024: Key Factors

Infographic on improving home affordability, with charts for mortgage rates, home price forecasts, and wage growth.

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’s good news if you want to buy a home because it means affordability is getting better.

Recent Blog Posts

Stay up to date on the latest real estate trends.

Warm afternoon light across a brick home's covered porch, charcoal front door, cream trim and autumn planting.

Leonardtown's Square Closes to Cars Twice in November, and the Same Lots Up the Hill Serve Both Days

Traditional brick townhome entry with white trim, a charcoal door, concrete steps, and carefully maintained planting beds in soft autumn daylight.

Selling in St. Charles This Fall? Your Real Competition Is the Builder's Year-End

Southern Maryland Real Estate Market Update: September 2026

Traditional brick and stone house beyond a deep autumn lawn, with a curved brick-edged walk and mature oak.

After the Fall Festival, King George's Weekends Move Out to the Farms and Caledon

Bright living room with a white fireplace, staircase, and sliding glass doors facing a wooded patio.

Build Your Dream Home in Swan Point, Maryland: 11915 Limestone Court

Brick home entry with a charcoal door, white-trimmed window, weathered concrete steps and autumn oakleaf hydrangeas.

After Oct. 30, Skating in Waldorf Switches to Ice and Ends Earlier in the Evening

Brick-front house with two gables, white-trimmed windows, a columned porch, concrete steps, and lawn.

The County Line Decides Your Brandywine Tax Bill, Not the Rate on the Sheet

Traditional stone-and-siding home beyond a broad lawn, with a curved stepping path and fieldstone retaining wall.

The Real Contingency on Mechanicsville Land Isn't the Home Inspection. It's the Perc Test.

Brick and white-sided home with green shutters and a covered porch, set behind a broad lawn and trees.

18224 Green Blvd, King George, VA: A Home for Sale or Rent Near the Potomac River

View All

Work With Theresa

Thanks to her multi-faceted expertise, Theresa can offer her clients a comprehensive service. She is a true expert on the dynamics of the real estate market in the DMV, and she has a unique talent for educating her clients so that they can make informed decisions about their real estate investments. With her mastery of cutting-edge internet technologies, she can also market and find homes with exceptional speed and accuracy.

Let's Connect

Why It’s More Affordable To Buy a Home This Year