Do You Top Tick the Market?

We think housing is likely to decline in terms, or inflation adjusted terms, over the course of the next few years. Our base case view is that home price is a stabilized, near a zero growth or in a very, very low single digit type growth rates. But it would not be surprising, and it wouldn't necessarily have to be overl alarming, if you see home prices decline on a national basis. There's been a massive shift in preferences since the coved pindemic, a desire to live further from the office. Certain vacation and resort communities have gone up in price quite significantly. In some areas, there's more land scarcity than others. So there are going to be pockets