The housing market has frozen over. Here's why experts say home affordability isn't getting better any time soon.

• The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider.
• Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market.
• But rates are likely to stay high as the Fed keeps an eye on inflation.

The housing market is frozen as mortgage rates and home prices stay high, real estate experts say – and while affordability should improve slightly, it's unlikely to get significantly better anytime soon.