MSNBC Alex Witt Reports June 4, 2024 17:21:00
A monthly payment was about $1,300. one year later, the median price is about $357,000, and now with 5% being the rate, the monthly payment goes up to $1,800. >> while demand has been growing, inventory of affordable housing has been shrinking, making home buyers even more competitive. >> i just want you to take a look at all of the people who are lined up to see this property. >> reporter: this video taken by a real estate agent in raleigh, north carolina showing what it looks like when supply can't match demand. >> with the prices rising, the purchaing power going down as rates are going up,...