--- title: People Are Still Moving, Even with Today’s Affordability Challenges description: Despite the challenges posed by rising mortgage rates and home prices, people are still buying and selling homes. With the help of trusted real estate agents, it is still possible to make your move in today's tight affordability market. image: https://files.keepingcurrentmatters.com/content/images/20231113/20231116-People-Are-Still-Moving-Even-With-Todays-Affordability-Challenges.png --- [![Leander TX Crystal Falls Realtor](https://crystalfallsrealty.com/hs-fs/hubfs/No%20Lines-2.png?width=1500&height=500&name=No%20Lines-2.png "Leander TX Crystal Falls Realtor")](https://crystalfallsrealty.com/) [![Leander TX Crystal Falls Realtor](https://crystalfallsrealty.com/hs-fs/hubfs/No%20Lines-2.png?width=1500&height=500&name=No%20Lines-2.png "Leander TX Crystal Falls Realtor")](https://crystalfallsrealty.com/) [![Leander TX Crystal Falls Realtor](https://crystalfallsrealty.com/hs-fs/hubfs/No%20Lines-2.png?width=1500&height=500&name=No%20Lines-2.png "Leander TX Crystal Falls Realtor")](https://crystalfallsrealty.com/) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. - [Contact Us](https://crystalfallsrealty.com/real-estate-agent-in-leander-tx/crystal-falls/) - [Crystal Falls Homes](https://crystalfallsrealty.com/crystal-falls-in-leander-tx) - [Find an Agent](https://crystalfallsrealty.com/realtor-in-leander-tx/crystal-falls/) - [Our Elite Agents](https://crystalfallsrealty.com/realtor-in-leander-tx/crystal-falls/) - [Join Our Team](https://crystalfallsrealty.com/join-our-team-in-leander-tx) - [Leasing](https://crystalfallsrealty.com/lease-a-home-leander-tx) - [Seller](https://crystalfallsrealty.com/sell-my-home/in-leander-tx) - [Seller Strategy](https://crystalfallsrealty.com/sell-my-home/in-leander-tx) - [Free Market Analysis](https://crystalfallsrealty.com/home-value-leander-tx/sell-my-home) - [Buyer](https://crystalfallsrealty.com/buyer-a-home/in-leander-tx) - [Buyer Resources](https://crystalfallsrealty.com/buyer-a-home/in-leander-tx) - [Home](https://crystalfallsrealty.com) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # People Are Still Moving, Even with Today’s Affordability Challenges by [Keeping in Current](https://crystalfallsrealty.com/thelatestscoop/author/keeping-in-current) | Nov 19, 2023 ### People Are Still Moving, Even with Today’s Affordability Challenges ![](https://files.keepingcurrentmatters.com/content/images/20231113/20231116-People-Are-Still-Moving-Even-With-Todays-Affordability-Challenges.png) If you're thinking about [buying](https://www.simplifyingthemarket.com/en/2023/10/25/invest-in-yourself-by-owning-a-home/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) or [selling](https://www.simplifyingthemarket.com/en/2023/11/06/reasons-to-sell-your-house-before-the-new-year/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) a home, you might have heard that it’s tough right now because [mortgage rates](https://www.simplifyingthemarket.com/en/2023/10/16/are-higher-mortgage-rates-here-to-stay/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) are higher than they’ve been over the past few years, and [home prices](https://www.simplifyingthemarket.com/en/2023/10/23/why-home-prices-keep-going-up/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent years.  [![](https://files.keepingcurrentmatters.com/content/images/20231113/20231116-Affordability-Historically-Low.png)](https://www.simplifyingthemarket.com/en/content/images/20231113/20231116-Affordability-Historically-Low.png?a=1000011056-2ffdc20d6712798aaf24da510954ba69)   The* National Association of Realtors* (NAR) [explains](https://www.nar.realtor/research-and-statistics/housing-statistics/housing-affordability-index/methodology) how to read the values on the graph: > *“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.”* The black dotted line represents that 100 value on the index. Essentially, the higher the bar, the more affordable homes are. As you can see, the orange bar for today shows higher mortgage rates and home prices have created a clear challenge. But, while affordability is definitely tighter right now, that doesn’t mean the housing market is at a standstill. [According](https://www.nar.realtor/newsroom/existing-home-sales-retreated-3-3-in-june-monthly-median-sales-price-reached-second-highest-amount) to NAR, based on the pace of sales right now, just under 4 million homes will sell this year. With some simple math, let’s break down what that really means for you: - 3.96 million homes divided by 365 days in a year = **10,849 houses sell each day** - 10,849 divided by 24 hours in a day = **452 houses sell per hour** - 452 divided by 60 minutes in an hour = **about** **8 houses sell each minute** **So, on average, over 10,000 homes sell each day in this country.** Whether you're a buyer or a seller, this goes to show there are still ways to make your move possible, even at a time when affordability is tight. #### **An Agent Can Help You Make Your Move a Reality** You may be wondering how other [homebuyers](https://www.simplifyingthemarket.com/en/2023/10/25/invest-in-yourself-by-owning-a-home/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) and [sellers](https://www.simplifyingthemarket.com/en/2023/10/24/the-perks-of-selling-your-house-when-inventory-is-low/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) are making this happen now. One of the biggest game-changers in today’s market is working with a trusted local [real estate agent](https://www.simplifyingthemarket.com/en/2023/10/30/a-real-estate-agent-helps-take-the-fear-out-of-the-market/?a=1000011056-2ffdc20d6712798aaf24da510954ba69). Great agents are helping other people just like you navigate [today’s market](https://www.simplifyingthemarket.com/en/2023/10/20/home-price-growth-is-returning-to-normal-infographic/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) and the current affordability situation, and their insight is invaluable right now. True professionals will be able to offer advice tailored to your specific wants, needs, budget, and more. Not to mention, they’ll also be able to draw on their experience of what’s working for other buyers and sellers right now. This could mean [broadening your search](https://www.simplifyingthemarket.com/en/2023/09/22/how-remote-work-helps-with-your-house-hunt-infographic/?a=1000011056-2ffdc20d6712798aaf24da510954ba69), if needed, to include other housing types like condos, townhouses, or neighborhoods a bit further out to help offset some of the [affordability challenges](https://www.simplifyingthemarket.com/en/2023/10/17/how-buying-a-multi-generational-home-helps-with-affordability-today/?a=1000011056-2ffdc20d6712798aaf24da510954ba69) today.  ### Bottom Line You might think there aren’t many people buying or selling homes right now since affordability is tighter than it’s been in quite some time, but that’s not the case. It’s true that buying a home has become more expensive over the past couple of years, but people are still moving.   If you’re hoping to buy or sell a home today, know that other people are still making their goals a reality – and that’s happening in large part because of the help and advice of skilled local real estate agents. Want to talk to a trusted professional about your own move? Let’s connect.   - - - - Recent posts [The Experts Placed Their Bets on 2025!](https://crystalfallsrealty.com/thelatestscoop/the-experts-placed-their-bets-on-2025) [The Importance of Hiring a Buyer’s Agent in Today’s Competitive Market](https://crystalfallsrealty.com/thelatestscoop/the-importance-of-hiring-a-buyers-agent-in-todays-competitive-market) [Why Waiting to Buy Could Cost You: Leander Real Estate Trends](https://crystalfallsrealty.com/thelatestscoop/whywait) [Are the Top 3 Housing Market Questions on Your Mind?](https://crystalfallsrealty.com/thelatestscoop/are-the-top-3-housing-market-questions-on-your-mind) [Is Wall Street Buying Up All the Homes in America?](https://crystalfallsrealty.com/thelatestscoop/is-wall-street-buying-up-all-the-homes-in-america) [![Leander TX Crystal Falls Realtor](https://crystalfallsrealty.com/hs-fs/hubfs/No%20Lines-2.png?width=1500&height=500&name=No%20Lines-2.png "Leander TX Crystal Falls Realtor")](https://crystalfallsrealty.com/) Crystal Falls Realty 800 Crystal Falls Pkwy, Bldg 1 Leander, TX 78641     ![Untitled (80 x 40 px) (500 x 200 px)](https://crystalfallsrealty.com/hs-fs/hubfs/Untitled%20(80%20x%2040%20px)%20(500%20x%20200%20px).png?width=139&height=56&name=Untitled%20(80%20x%2040%20px)%20(500%20x%20200%20px).png)         ## Office Hours Monday – Friday 9:00 am – 6:00 pm Saturday By Appointment Only Sunday By Appointment Only   FOLLOW US [Follow us on Facebook](https://www.facebook.com) [Follow us on LinkedIn](https://www.linkedin.com/in/leena-pleitez-25a90713a/) [Follow us on Instagram](https://www.instagram.com/LeenaTXRealtor1) - [CONTACT](https://crystalfallsrealty.com/real-estate-agent-in-leander-tx/crystal-falls/) - [BLOG](https://crystalfallsrealty.com/thelatestscoop) - [ABOUT](https://crystalfallsrealty.com/realtor-in-leander-tx/crystal-falls/) - [LOCAL RESOURCES](https://crystalfallsrealty.com/leander-tx-local-resources) - [PRIVACY POLICY](https://crystalfallsrealty.com/privacy-policy) - JOIN OUR TEAM [Texas Real Estate Commission Information about Brokerage Services](https://crystalfallsrealty.com/hubfs/IABS%20-%20RealtyIQ.pdf) [Real Estate Commission Consumer Protection Notice](https://crystalfallsrealty.com/hubfs/TREC%20CPN%20Updated%204_1.pdf)   The information being provided by Central Texas MLS is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Central Texas MLS. 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