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it s not the end of the world. i think it s interesting you say coming off the best year last year of real estate history. obviously there will be an adjustment. the bank of america ceo brian moynihan suggests we re in the middle of that. when is it going to get better for housing for americans? this is the toughest thing because you have to slow down the economy. you have to slow down inflation. the way to do that is to raise interest rates. the fed wants us to buy fewer homes? that s right. you are seeing it slow down. you ll see rates come back down to more the target rate and you ll see adjustments come through. that will take almost two years. take almost two years. he s macro forecasting what he thinks will happen and who knows, but i think when people think of housing, buying a home, it s time not timing in the market. it s a long-term investment. it s the best way to create intergenerational wealth and it s 5, 10, 15 years.

Brian moynihanBank of americaThe end of worldReal estateSouth americaInterest ratesGtarget rateMacro forecastingIt s time