a monthly payment was about $1,300. one year later, the median price is about $357,000, and now with 5% being the rate, the monthly payment goes up to $1,800. while demand has been growing, inventory of affordable housing has been shrinking, making home buyers even more competitive. i just want you to take a look at all of the people who are lined up to see this property. reporter: this video taken by a real estate agent in raleigh, north carolina showing what it looks like when supply can t match demand. with the prices rising, the purchaing power going down as rates are going up, because there s so little housing available. reporter: experts best advice for buyers in this market is to keep expectations flexible. look in other places where you may not have looked before. pay off some debt to kind of make a little bit more room because rates are going to keep
taking office, president biden facing a stubborn problem he vowed to solve long lines and empty shelves, exposing a testing system failing, once again, to match demand. and biden s own rhetoric. anyone who wants a test should be able to get one, period. biden came into office with a plan to expand testing. pouring billions of dollars to boost manufacturing and ramp up testing in schools and underserved communities. but his top priority was vaccines, which kept most people out of the hospital and even slashed the chances of getting and spreading the virus. and then, came omicron. the vaccines were really doing their job to decrease the number of cases. um, so there wasn t demand. but then, because of the variants, we have had this increase in cases and, therefore, increase in demand. reporter: biden has acknowledged coming up short on testing, but resists calling it a failure. i don t think it s a failure. i think it s a you could argue that we should have known a year ago
reporter: one year after taking office, president biden facing a stubborn problem he vowed to solve. long lines and empty shelves exposing a testing system failing once again to match demand. biden s own rhetoric. anyone who wants a test should be able to get one, period. reporter: biden came into office with a plan to expand testing. pouring billions of dollars to boost manufacturing and ramp up testing in schools and underserved communities. his top priority was vaccines, which kept most people out of the hospital and even slashed the chances of getting and spreading the virus. and then came omicron. the vaccines were really doing their job to decrease the number of cases. so there wasn t demand. but then because of the variants, we ve had this increase in cases and, therefore, increase in demand. reporter: biden has acknowledged coming up short on testing but resists calling it a failure. i don t think it s a failure. i think you could argue that we should have known a y
with all these things and it sounds like what you are basically saying is it s not my problem. in like what you are basically saying is it s not my problem. like what you are basically saying is it s not my problem. in terms of the consumer is it s not my problem. in terms of the consumer we is it s not my problem. in terms of the consumer we are is it s not my problem. in terms of the consumer we are getting - is it s not my problem. in terms of the consumer we are getting all. is it s not my problem. in terms of| the consumer we are getting all the protections we can. some of the people writing to me may be worried about this but i m not worried about this because actually i think it will be good for their businesses to invest in people and to invest in capital. invest in people and to invest in caital. ., ., ., ., ., capital. you are not worried about inflation? i capital. you are not worried about inflation? i believe capital. you are not worried about inflation? i believ
contains some flash photography. this is fantastic. this is fantastic. he does not hide how much he s this is fantastic. he does not hide how much he s enjoying this is fantastic. he does not hide how much he s enjoying himself. l this is fantastic. he does not hide - how much he s enjoying himself. head in the polls, with a plump cushion of a huge majority back in parliament. but carefree? the country is not. with rising prices some empty shelves. why was the government not prepared for what you describe as a very real stresses and strains of the country right now? this is a function of a global recovery and you are seeing stresses and strains caused by the world economy sucking demand from everything from gas to drivers across the planet. rather than government stepping in to man the supply chains but you have is fantastic expertise and skill in logistics. he listened to some of the things they will manage this. it s real world problems that people are facing, you were warned ba