There are a number of challenges that can impact the real estate market, but one of the most pressing issues is affordability. In many areas, especially large cities, housing prices have risen much faster than wages, making it difficult for people to afford to buy or rent a home. This problem is exacerbated by a shortage of available housing, as well as regulatory barriers that make it difficult to build new homes. In addition, rising interest rates and inflation can make it even more difficult for people to afford a home. These issues have significant implications for both homebuyers and renters, as well as for the broader economy.
