The Positive Momentum in the Housing Market

There is a lack of resale supply due to few sellers. That's increasing, but there are far too few sellers. And that just drives demand to the new home market. So there's strong demand and long-term these markets are going to do very, very well. Mortgage rates will continue to normalize. Eventually, they will start to come down. We might see another bump up in mortgage rates here this year,. But ultimately, the Fed will have to take their foot off the breaks with the economy.