Is Demand Down on the Website?

Housing Wire has been charting where rates were going. Once you get above 6.5%, that looks to be the threshold where buyer demand goes from good to limited, which is the territory we're in right now. Seven is where we saw the biggest slowdown last year, October, November. When rates hit seven, it was a problem. People did slow down. We'll see what happens. The Fed certainly could say, oh, we saw those two weeks where every agent was posting about multiple offers and bidding wars in the beginning of the year. Let's see what happens in the spring if we're at a seven handle. That could really cripple demand here for a lot of

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