Why Is Housing Affordability an Issue?

Housing affordability has become a major concern nationwide, including in the Philadelphia suburbs. But the issue is driven by several long-standing factors:

1. Low inventory — Not enough homes for the number of buyers.
   2. Higher interest rates — This impacts monthly mortgage payments.
   3. Slow wage growth — Income hasn’t kept up with rising home values.
   4. Construction shortages — Too few new homes being built.
   5. High demand in desirable markets — Especially in Chester County.

Communities like Exton, Downingtown, Malvern, Phoenixville, and Chester Springs remain highly sought-after, which keeps prices elevated.

Top Chester County Realtor Bela Vora, with 15+ years of experience helping buyers navigate affordability challenges, helps clients understand mortgage options, down-payment strategies, and long-term planning. Her local market knowledge and negotiation skills make the buying process less overwhelming.

If you’re struggling with affordability questions, contact Bela Vora of Coldwell Banker Realty for personalized guidance.