Unicorn years is our new term for describing the housing market during the pandemic years because a unicorn is something that is greatly desired but is difficult or impossible to find.

• 1:47 - Unicorn Years
• 2:20 - Home Appreciation
• 12:00 - Inventory
• 15:32 - Affordability

So, what does all of this mean for you? What this means for you is that if you're a seller, get your home ready. Make plans for what you're going to do next. I believe most sellers are holding on to their properties because they can't get another mortgage at the interest rate that they currently have. The affordability of being able to move to another home is going to be difficult for them because of interest rates, even though they have huge amounts of equity in their home. It's still difficult for them to leverage that to move to something else, even if it's time to downsize because they no longer need the size that they have.