The first high level point, for me, is that I think that the housing market is about to see a huge regional variance. Over the next few years, some markets will see appreciation and rent growth, and others will see severe corrections. If I had to guess, on a national basis, I'd expect to see deep correction/crash declines in multifamily real estate (5+ units) and more muted declines or close to flat prices in single family housing in 2024 and beyond, with 2-4 unit properties somewhere in between.