As we navigate the sometimes humorous, sometimes chaotic events of the last few years, we have to remind ourselves: this too shall pass.

Rates continue to improve this week, but what was a bit of a surprise was the decrease in Existing Home Sales, down 4.1%. Supply was also down 5.7% from a year ago.

With that said, the median existing-home price was $391,800 in October, reflecting a gain of 3.4% from last year.

It’s all about supply and demand.