With the real estate market slowing down, that doesn't mean necessarily that home prices will be more affordable anytime soon. Actually, prices are still rising. While many people think that prices are rising because of the cities they are in, it's mostly because of the supply of homes to offer. A lot of people are looking to purchase, and move into single unit apartments and with the increase in individual owners, there just isn't enough homes onthe market for these first time home buyers.

Rent prices are soaring as well because of the amount of people looking for single units instead of larger apartments with roommates. The pandemic allowed people to realized they're ready for their independence but that has put a huge amount of pressure on the few single units available.

With the talk of a potential recession in the near future, there is a lot of worry of how that would affect the housing market. With the potential rise of unemployment, that would cause a lot of distress in the loan industry.

This article discusses the macroeconomic topic of supply and demand. There is a limited supply of apartments and homes, while demand for those is at an all time high.

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