^{From our No S***, Sherlock dept...}

https://www.cbsnews.com/news/housing-bubble-2022-federal-reserve-warning/

>>Sherlock

Of course, I've a tendency to "the sky is falling" thinking with respect to the housing market, so my opinion is worthless (since it doesn't seem to change in response to market conditions). But this is still pretty interesting:

QuoteWhen their exuberance measure reaches a 95% threshold, that signals 95% confidence that the market is experiencing "abnormal explosive behavior," they noted. The current exuberance measure: 115%.

Surging interest rates push mortgage demand down more than 40% from a year ago
https://www.cnbc.com/2022/04/06/surging-interest-rates-push-mortgage-demand-down-more-than-40percent-from-a-year-ago.html