Next time on Dear Alice.

Do you want to get into rates for a minute?

Yeah.

This is where dreams come true.

Let's tackle up and go for a ride.

Here we go.

Take a sip, y'all.

We can take a sip.

It's water right there.

So here's where we're stuck.

Middle income America, first time homebuyers buyers, rates are at 7%. We got down

in the sixes and I got exciting for about a day and a half and then we went back to seven.

It is hard to buy a home right now, no different than our conversation a year ago. We have low inventory

because we have the majority of America as homes that are either paid off or 2.5 to 3.5%. So we have this conversation

all the time. What rate is it going to take? The only way for us to change this market,

prices are still going up, the only way to change this market is to get an inventory. We need

inventory. We're about 1.2 million homes short. You can read multiple articles. inventory. We're about 1.2 million homes short.

You can read multiple articles.

On average, call it 1.2 million homes short in America as what we need currently today.

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