What is up with the real estate market? Click on our ➡️ Link In Bio ⬅️ to listen to the full episode. This period of low affordability where we have high prices and high rates, is impacting the market by pulling out buyers. This reduces demand in the market because even though people do want to buy homes, they just can't afford it. And so that lowers demand. And in the housing market, we can measure home buyer demand in a couple of different ways. But my (@thedatadeli) personal favorite way to do it is there's something called the MBA index — the MBA stands for the Mortgage Bakers Association. Basically, they just track how many people are applying for mortgages every single week. And what you see is that over the course of 2024, we've been consistently under the last two years. It's not that far under, but given that affordability has continued to decline, it's not surprising to see that less people want to buy a home at this point in 2024 than they did in the previous year or eve...