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everywhere, too, not just in big cities. skyrocketing rents coming at the same time housing prices are at historic highs, making it harder for people to afford to live. is any relief on the way? emilie ikeda has more on the housing turbulence. hi, there. a very different picture from earlier this year. holes are selling at the slowest pace since 2015, aside from the start of the pandemic, and that s because high mortgage rates are pushing people out of the house hunt. this morning, lack of affordability is weighing down the housing market, as would-be home buyers pump the brakes on signing a deed. existing home sales fell for the sixth month in a row and dropped 20% compared to last year. several experts now have said that the housing market is in a recession. reporter: house hunters are being sidelined by sky-high prices, up nearly 11% from a year ago, limited supply, and rising mortgage rates. there s no way i would be able to afford this without a