 Now this comes on the heels of data from the National Association of Realtors last Friday, which showed existing home sales were down in line with estimates. And that all comes as home prices remain at historic highs due to what analysts call an imbalance of supply and demand. Home prices are now nearly 50% higher than they were in early 2020. The news isn't much better for renters as rental prices are 26% higher than they were in 2020. Half of all renting households spending about a third of their income on housing, 12 million of those households spending more than half of their income on rent.