If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone.

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

Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

Seeing your house sit on the market without any bites is the ultimate frustration.

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

If you’re wondering if you should buy now or wait, here’s what you need to know.