The Homebuilder Index drops for the fourth consecutive month. Builders feel more upbeat about single-family sales in the next six months, explains George Ratiu, Sr. Economist, Realtor.com. Mortgage rates are the highest since 2018. I really believe rates are going to hit well above six percent by the end of the year, says Erin Sykes, Chief Economist, Nest Seekers International. She thinks it will be a struggle for Millennials trying to buy for the first time. Erin thinks we will see a strong spring and summer for the housing market, but with factors such as higher inflation and geopolitical issues, people should have realistic expectations when it comes to pricing.