Instead, high rates plus economic uncertainty has reduced supply significantly because no one wants to sell.

Maybe lower rates will make prices even more unaffordable, which would make this a low period by comparison, but if you look at home price to income numbers, they’re still near record highs.

Maybe it means: if you think the line is always going up and to the right, today is the best day to buy, but that’s a weird way for me to think of a house, which I still kind of see as a consumable good rather than an investment vehicle.