Housing Shortage Leads To Skyrocketing Home Prices

Blair Thompson, a lawyer in Baltimore, struggles to find an affordable home due to rising prices. The demand for homeownership surged during the pandemic, but supply chain issues and low interest rates led to a housing shortage, driving prices up. Real estate agents predict a market shift as interest rates rise, but the rental market remains competitive. The number of home buyers has decreased, but it's uncertain when conditions will improve for first-time buyers.

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