Need a new TVM word problem and detailed mathematical formula answer based on the real-world concept in the following post:

Will the housing market ever go down to regular price levels or will interest rates continue to increase and make affordability impossible?

In the first article, "How is the housing market doing in 2023? Here's what the real estate experts are saying," (Boyce,2023) In this article the interest rates for homes have reached an astounding 7%. This is the highest rate we have seen in recent history. Boyce continues to say the median average for homes has reached $420,000! The market is on an upward trend and everyone who bought homes when rates were low are holding on to their properties. The new generation, where I include myself, are left on the sidelines waiting for the opportunity for the housing market to come back down.

In the next article, "Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?"(Rothstein, 2023) The people are experiencing a difficult time in which another problem has arisen. Rothstein explains, "the reason for decline in homebuyers is because of shortages of inventory of homes. The interest rates continue to be at 7% for 2023, and the experts affirm that it's not going to decrease anytime soon. They conclude that seeing low interest rates may be a thing of the past. If the interest rates decrease then maybe we will once again see affordability in homes.

Lastly, in the final article titled, "Housing Market Predictions for the Next 5 Years Promise Lots of Surprises," (Duffy, 2023) the experts attempt to find some light at the end of the tunnel for the housing market. According to Duffy, "The home prices are predicted to fall 5.3% in 2023 as long as mortgage rates remain relatively high." This correlation between the two is because individual wages are not increasing in unison with inflation. The expectations of the housing market between 2025-2027 is that home prices are going to increase by 1% to 2% above the current inflation rate. (Duffy, 2023) This study keeps on saying that the expected mortgage rates will eventually decline.