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38%. cnn economics and political commentator kathlyn rampell is joining us now. catherine, this drop is worse than that. what does that tell us? the numbers, the dropoff was much larger than expected but the direction is what people had forecast. as interest rates goes up, it gets much more expensive to borrow to buy a house, therefore, you saw the market cooling off this was a feature, not a buzz, the market. this is why you see home sales prices falling not quickly enough to get to the volume of sales that we have seen it s in past, but they are coming down. it s just gotten a lot more expensive to buy a home. this is actually the second lowest reading in about 20 years. i think a lot of people, every time you talk about home prices,