The current mortgage rates have reached their highest levels in nearly 23 years and are still on the rise.

This upward trend conflicts with low housing inventory, causing concerns for homebuyers.

While homebuyers are willing to take the risk of the current high rates, the number of homes available for purchase is relatively low.

This low inventory also leads to rising home prices, further adding to the financial pressure on buyers.

Despite high home prices, it is worth noting that prices have not yet surpassed the record high point in June of last year.

Market data shows that median home prices are fluctuating slightly between slight increases and decreases, reflecting the interplay between declining demand for homes and limited housing inventory.

It is expected that during the fall and winter seasons, home prices may remain slightly higher than last year.

Faced with significant challenges, homebuyers have two options. One is to choose to buy newly built homes because the existing housing inventory is relatively stable.

This can help avoid the impact of low inventory and high home prices.

Another option is to wait for the housing market to recover. In recent months, rental prices have slightly declined, providing homebuyers with more time to weigh their options.

It is expected that more families will choose to stay in the rental market for a longer period to save more money for future housing.

In conclusion, the current rise in mortgage rates requires attention. Homebuyers should make wise choices based on their own situations while closely monitoring market dynamics and policy changes.

The rental market also offers flexible options for homebuyers, providing more opportunities for future housing savings."