I have to add that we know what happened when we did lower rates to emergency low levels during the pandemic: Housing prices went up 50% in two years. Part of that was that everybody was at home all day and wanted a bigger house. However, partly it was that interest rates were at emergency low levels and that the cost of financing was low.
We don't predict every asset price or every price in the economy, but yes, what that points out is that we had a supply problem at low interest rates and that we have a supply problem at high interest rates.
Obviously, interest rates have a big impact on the housing sector—it's very interest-sensitive—but we're not going to solve the housing shortage with interest rates.