She's been claiming that a RE bubble will pop any day now for years. But there's no bubble, there was a significant revaluation of the dollar in the covid era and now EVERYTHING is more expensive. It's getting more expensive with tariffs and will become even more expensive with the rate cuts. RE markets are also regional. Some parts of the country got too hot over the last 19 years and cooling off now, while the parts that didn't see much growth are warming up.