The United States housing market has been on a steady increase over the past few years. There has been a major increase in the number of new homes being bought and sold across the nation. During the start of the pandemic, the interest rates on houses were lowered to help revive the economy and keep it afloat during hard times. This year, there is a steady rise in mortgage rates outside of slight dips here and there. This rise in mortgage rates combined with an already high-priced housing market is making the market even less affordable. However, there recently has been a change in the amount of time houses have been sitting on the market. For the first time in almost two years, the first annual increase in the amount of time a house spends on the market is being noticed. This extra time on the market is also reflecting the steady drop in the asking prices of houses seen by many owners.