Well that's f#&%ing annoying. Trying to buy a house right now and there is nothing in the price range I wanted to be in. Rate hikes are going to cost us a lot of money long term, but this is just more s#!t on the turd sandwich.
My wife and I are fortunate to have good jobs and we save money well, but you have to spend over half a million just to have a somewhat up to date house in a good neighborhood. Anything under 500k seems to be out dated by 15 to 20 years and you'll be sinking quite a bit of money into it for updates.
Not sure how you're supposed to save for retirement, kids, and the unexpected future when most of your money is going to a mortgage payment...