Hello, fellow robocapitals, hope you're well. So we have big news out in the housing market, and it is

ugly to say the least. We're going to dive into what's happening with residential real estate, but also,

also commercial real estate. The commercial real estate stocks are getting hammered today. Let's get right

into the details. We're going to start by going over to the Market Watch calendar. And today,

we had existing home sales come out $3.9.1 million.

Wah, wah, wah, wah.

Now, I know a lot of you write about it and are saying, oh, George, this doesn't even matter.

Are you crazy?

It was Winter Geddon or whatever they call it.

It was January Gettner.

I know the weather was bad.

I get it.

But the thing is, that would have been

factored into the expectations, right? It's not like the people that were surveyed. The analysts

and economists or whoever they survey didn't know that there was bad weather last month.

Also, too, I don't know how much that

affects it because as far as existing home sales, I don't know if they do that based on like

the contracts that are signed or the actual closings. Maybe you guys know. Let me know in the chat or in the comments if you know.

But assume that it's based on the actual closings.

Okay, so these are houses that would have gone under contract like at least a month ago or two months ago.

It would have been, my point is it would have been

prior to the big storms. And I would assume in today's day and age, you don't have to like go down

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