How to Fix the Real Estate Market

"while it is true that the Fed will likely lower rates later this year. They actually are projected to lower interest rates in September according to the markets."

"I think after we have a second round of rate cuts starting potentially in September, I think it's likely going to make the long end of the yield curve go up when they cut rates... It's going to cause the long end of the old curve to go up. When the long end of the old curve goes up, it's going to make mortgage rates go up."

"I don't think people are going to accept it, uh, at least for another 6 months... I think the market will accept lower asset prices are needed to improve the real estate market... this is a process that's likely going to take a couple years to play out at least, probably longer."

"When we had that crash back in April or between February OPEX and early April, which is what we said, right? I mean, that's what we said when the when the crash was going to be, that crash led to lower mortgage rates."