As home prices continue to rise, many people are finding it difficult to keep up with the increasing cost of living. For instance, the average price of a home in the U.S. rose 10.8% in the last year, even though sales have been down. This makes it difficult for buyers, especially first-time buyers, to enter the market. It also puts a strain on those who are trying to sell their homes, as they may not be able to find a buyer who is willing to pay the asking price. As a result, it is becoming more difficult for people to move up the housing ladder. This is having a ripple effect on the economy, as it reduces consumer spending and dampens economic growth.