Yo Adrian! Housing Market's Down for the Count!

Gonna Fly Now? More Like Gonna Cry Now!

Yo Adrian it's Rocky. Things ain't lookin' too pretty for the housing market see? It's like gettin' punched in the face by Clubber Lang – you're down and you're feelin' it. Sales of these previously owned homes they're down I tell ya down 5.9% from February. That's like missin' a step runnin' up them museum steps. Feels bad real bad.

March Was A Bum Month!

They're callin' it the slowest March since 2009. 2009 Adrian! I was probably busier feedin' Butkus then. Sales are down across the board like Apollo Creed after our first fight especially out West where the houses cost more than a date with Adrian at a fancy restaurant.

Interest Rates? More Like Interest Pains!

This whole thing is because of these interest rates goin' up like Ivan Drago's blood pressure. People can't afford to buy homes when they gotta pay so much just to borrow the money. It's like trying to run a marathon with lead weights on your feet. You can't win ya know?

Inventory's Up Sales are Down Yo!

Now get this: they got more houses for sale but nobody's buyin'. It's like havin' a fridge full of meat but no money to cook it. You stare at it you get hungry but you can't do nothin'. The prices are still high but they ain't goin' up as fast as they used to. It's like a slow jab instead of a knockout punch.

Household Wealth is HUGE!

But check this out Adrian! Even though things are slow the total value of all the houses in America is still sky high. It's like having a ton of gold even if you can't sell it right now. So people might be down but they ain't out. We are talking $52 Trillion in household wealth! You know what I can do with that kind of money? Buy a lotta turtle food for our turtles!

Ain't Over 'Til It's Over! (But It Might Get Worse)

Now some experts are sayin' it might get worse before it gets better. People are startin' to cancel contracts and folks are worried about jobs and inflation. It's like gettin' hit with a body blow when you're already on the ropes. But remember what I always say Adrian: 'It ain't about how hard you can hit but about how hard you can get hit and keep moving forward.' We gotta keep fightin' keep believin' and eventually we'll hear that bell ring for us.