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reporter: inflation stubbornly above 8%. the dow ending below 30,000. vanished nearly two years of gains. interest rates up three points in six months. and worse, we re all flying blind here. no one knows with any certainty where the economy will be a year or more from now. reporter: that uncertainty is now hitting us where we live. i do like these cabinets. reporter: in america s worsening housing crunch. over that two-year feeding frenzy to overpay. many shudder at mortgage rates above 6%, the heighest in 14 years. if you borrowed money at 3% you re never going to leave. reporter: another issue, so-called shelter inflation, housing rents raising faster than wages. it s not just one part of the country, almost all parts of the country. reporter: moody s analytics says more than half of america s

Interest ratesFlying blindNo oneHousing crunchMortgage ratesFeeding frenzyShelter inflationHousing rentsMoody s analytics