Home Depot has entered the real estate market, offering 3-bedroom, 2-bathroom homes for $47,000.

As affordability falls to record lows, people are looking for alternatives.

Even renting the average home now costs over $24,000/year.

The housing market is truly in an unprecedented time right now.

Follow us @KobeissiLetter for real time analysis as this develops.

— The Kobeissi Letter (@KobeissiLetter) April 4, 2024