Data: National Association of Realtors; Chart: Axios Visuals
The real estate market is slowing down, but that doesn't mean home prices are getting more affordable — yet. Actually, prices and rents are still going up.
Why it matters: Perhaps you thought that the real estate market was all about location, location, location. Well, it's actually also about supply, supply, supply. The U.S. doesn't have enough homes to meet demand — even now, as fewer people want to buy in the face of rising mortgage rates.
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