let's bring in john beacham, the ceo of toorak capital partners. thank you for being with us. bout this dynamic. sales were kind of waffling, as i mentioned, but those price increases are pretty much continuing. john: it has been an unprecedented time in the housing market over the past year, since the pandemic began. it is fundamentally an issue of inventory. sales would be much higher if there were more houses to buy, but you cannot find houses right now. house is going on the market are selling very quickly, generally in bidding wars with multiple bidders. there is not a lot of inventory for people to buy. it is fundamentally an issue of not enough inventory, not enough people wanting to sell. a fundamental change in how we are thinking about housing in this country is driving the demand. matt: tell me about what you do at toorak capital partners. john: we are a kkr-sponsored company that provides financing for companies around the country. we do loans for investors that are buying and renovating single-family or multifamily properties, or investors who have already renovate