Home Price Growth Is a Bloody Pencil

The housing market deserves a John Wick bloody pencil because it's savagely unhealthy and we have like historical dynamics that we've never had to deal with in modern day history. So the setup was there because home price growth really took off January, February, March and rates, even though rates were rising it took some time for it to kind of bite and cool some of the stuff down. We saw this happen in 2013 and 2014, 2018 and 19 where the growth rate of pricing falls happens all the time when rates rise except here we're working from like 20% growth levels and we're working our way down as it should. This is very normal this has always been the case.