The 2023 housing market continues its correction, with home prices now falling month over month and year over year according to the National Association of Realtors. On top of that foreclosure starts increased 20% month over month and 22% year over year, and more importantly the speed of the foreclosure process through completion increased 12% quarter over quarter. Additionally JP Morgan sent out a note informing us that lending conditions have now tightened faster than they did during the great financial crisis, with the full effects not being felt until late 2023 or early 2024.