we will discuss this with lawrence yun and abigail doolittle.n you look at the demand coming back into the picture, is it sustainable, given we see interest rates starting to increase again on the year, which could lead to higher mortgage rates? >> thank you for having me. it is definitely a good start to the numbers. we saw the home sales last year, essentially at 30 year low. despite the fact that u.s. population rises, so, considering we have 80 million more people, why was the home sales at nearly a 30 year low? just by a simple law of averages, people desired to want a home, the home sales have been underperforming. the latest increase, definitely more mortgage rate help. another factor that helped was more listings. we have seen more offers are still in the marketplace, which means not all demand is being satisfied. it simply means more home sales. sonali: one of the things that surprised me was the cash offers you are seeing at a 10 year high. is this crowding anybody at the market? >> definitely. the first time buyers are struggling to c