In July, median mortgage payments dipped to $2,175, offering a welcome boost to homebuyer affordability. This change was partly thanks to wage growth outpacing increases in payments—a trend I’ve been watching closely here in Salem and throughout the Willamette Valley. Of course, affordability still varies depending on where you’re looking, the type of loan, and even among different communities. As your local Salem REALTOR®, I keep an eye on these shifts so buyers and sellers can make informed decisions in a market shaped by interest rates, prices, and available inventory.
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