This is not good.
The house market is getting worse and worse as time passes due to the high inflation and the high interest rates from the government. Many individuals have lost interest in the house market and waiting to see if the market will ever recover.
The house market is in a terrible state where houses are dropping in price and individuals are still not buying them due to the high interest rates. Many individuals are waiting to see if the interest rates will ever drop to an acceptable level for house buying.
Experts suggest that the house market will get even worse as time passes.