Thank you to the witnesses. I will try to be succinct with my questions.
As a CPA in public practice for the last 26 years, I've spent a lot of time with the tax system. It is self-reporting, so for a lot of it, the government is relying on the taxpayer to give out certain information, but sometimes that information is not always available to them.
I'll start by looking at affordability. You have both spit out a lot of information and statistics, but I'll start with Dr. Whitzman.
Do you know how many first-time homebuyers are buying a new home? Do you have a number?