We expect single family mortgage originations to grow from 1.5 $1,000,000,000,000 in 2023 to approximately $1,700,000,000,000 in 2024, with purchases making up 80% of single family mortgage originations this year. 2024 multifamily market origination volumes are now expected to be between $245,000,000,000 to $315,000,000,000 with a baseline of $275,000,000,000 This is not much different from our estimated $265,000,000,000 in multifamily volumes for 2023, but down significantly from $480,000,000,000 in 2022. We believe that with continued high interest rates, elevated new supply completions and higher than average vacancy rates, multifamily sales activity will remain subdued in the near term, which could result in additional declines in multifamily property values over the short term. Over the longer term, however, we expect sales and valuations will improve due to expected improvements in multifamily housing market fundamentals stemming from positive demographic trends and ongoing job growth. We expect rent growth to remain below historical averages in the 1% to 1.5% range in 2024 as a result of elevated new construction completions and many renters dealing with higher levels of consumer debt.