The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says

The rate on the 30-year fixed mortgage rose to 7.48% in the last week, deepening affordability issues faced by prospective home buyers.

https://markets.businessinsider.com/news/commodities/housing-market-outlook-recession-home-prices-mortgage-rates-fannie-mae-2023-8