Housing has a problem with weather incidents.
This is not a political statement. It's a fact
The Harvard Joint Center for Housing Studies put out articles all the time talking about the potential losses for our industry with any kind of weather instance. Whether just normal storms, rains or even major hurricanes like we just had with Hurricane Ian.
Over $50 billion and counting in damage, it could run up a total as much as $250 billion.
Inflation has been the last target for the Fed to tackle.
Which is why they keep raising their rates.
They're clearly crushing housing at the moment. It's a difficult time for us, but we'll get through it.