re: Sept Existing home sales 6.54 million, highest since 2006

quote:

---

this is crazy. i was expecting a housing apocalypse by now.

---

That will come later down the line. People are WAY overpaying due to low interest rates. Once they go up people will not get back what they paid and will be stuck with their homes.

Also, there are COVID related foreclosures just hiding in the weeds. Expect those to hit like a train once it opens up.