In today's stream, we delve into the pressing issue of home affordability, a concern that continues to loom large as mortgage rates soar past the 7% mark. This significant rise in interest rates has escalated monthly mortgage payments, putting homeownership out of reach for many prospective buyers. We'll explore how the current economic climate, characterized by high rates and steady price levels, complicates the dream of owning a home for average Americans. Additionally, the video will examine the broader impacts on the housing market, including slowed buyer activity and increased pressure on the rental market. Join us as we break down the numbers, analyze market trends, and discuss what potential homebuyers can do in these challenging times.

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LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.