If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost.

You may have heard chatter recently about the economy and talk about a possible recession.

Has your house been sitting on the market longer than expected?

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.

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.

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