Final answer:
High housing prices affect all homebuyers, including first-time and repeat buyers, and sellers. Sellers may benefit financially, whereas buyers face affordability challenges.
Step-by-step explanation:
High housing prices impact various groups within the real estate market. All homebuyers are affected since higher prices can mean reduced affordability and accessibility to purchasing a home. This is particularly true for first-time homebuyers who may not have the capital or credit history to compete in inflated markets. Repeat homebuyers may find that increasing home values can make upgrading to a new home or relocating more challenging. Home sellers could potentially benefit from high housing prices, as they can receive more money for their properties, although this could also make it more difficult for them to find their next home. Therefore, the correct answer is e. All of the above.