Why on God's green earth would any investor hyperreact to the "possibility" of an interest rate hike to only 3.7%? Rate will probably not rise until late this year if at all.
Granted we need home buying to go up, not go down at all. But home buying will not go down 20% or anything close to it.
Continued loss, but earnings met estimates and condition did improve and earnings improved quite a bit. Expectations are for continued improvement but not quickly. Stock price dropped but seems to be reaching bottom, where we start over.