up a little bit because of the inventory yeah exactly that's exactly right but

get this this time last year Average price was 319,421.

And what is it now? 338.

So that's 5.54% higher.

Wow.

So that would be what's called an appreciation rate at 5.54. Brad, I think we were kind of predicting a little lower than that this year, weren't we? Absolutely, 3%.

Back to the dorms.

And

It's

huge.

It's our business.

It's our industry.

I'm glad you had that spin on it today.

That was good.

And it really doesn't mean much for consumers.

Is there anything else you wanted to cover in our world?

Go ahead

... one of our close lenders that we're working with right now, he just texted me today, and he, he [laughs] he's, he's rewriting these appr- these underwritten pre-approvals, 15 or so, a, a weekend.

Go ahead

... and this was an NAR thing I think, wasn't it? Yeah, it was.

And so listen to this, guys.

Homeowners right now are sitting, and then this is national, w-... $11 trillion of tappable equity.

In other words, you take the value of the home minus the mortgage, and what are the things against it, what's left? $11 trillion.