We've seen data saying existing home sales are down.
And you hear this nine months supply number. But our good friend Logan Mohtashami, the lead housing analyst at HousingWire basically broke that nine months down, six of those months are homes that started new construction but were not yet completed.
We're seeing some of the sellers and listing agents change their strategy and wait for the numbers to come down to see a little bit more reasonable and good prices.
Wage inflation was up year-over-year, but it was up less than the prior month.
So maybe wage inflation is cooling off, which means that the price wage spiral that goes up, that keeps feeding itself and feeding inflation nationally may start to cool off.