This translates into declining tenancy, higher marketing costs, lower conversion rates, declining revenues, increasing operational costs. 

Translation: Prices are still inching up, but buyers finally have room to breathe again.Inventory has risen by about 20 – 30 % over the last year, and average days on market are stretching toward the 90-day mark.

I'm sure that translates to fewer people listening to real estate podcasts, buying books/courses, and attending real estate events.The real estate market is cyclical so that seems normal to me.

Anyone have insight and can translate the following into the layman English?

Using our Secret Economic Decoder Ring we know "more affordable" translates to MORE liquidity spread. 

If you take a look at what is called "Originating a new loan" You have 20% down, a higher interest rate which translates into a higher payment and harder to "qualify" to a bank, you pay a loan "origination fee", etc.

This isn't necessarily just the fault of ODC - REITs in general have been taking it on the chin lately - but I think it's a serious wake-up call that being famous doesn't necessarily translate into profitability.

Provided where you rent is low crime, I'm not seeing how a more desireable neighborhood, provided everything else the same, would translate into longer staying tenants.   

In Cleveland they have enacted Residents First, which translates into a narrative that out of town landlord are "evil"    They also enforce a Lead Safe Certification Law which requires that all rentals built before 1978, must pass a Lead Risk Inspection every 2 years.   

If that monthly pace holds, it would translate to an annualized increase of 11.1% — a dramatic acceleration from last year’s sluggish performance.Retail continues its winning streak.