HOUSING SALES VOLUMES FALLING WHILE PRICES CONTINUE TO RISE

We have a plunge in new home sales...

We have Existing Home Sales falling ...

We have household Formations collapsing ...

Yet stunningly:

“Home prices are still rising above incomes and way too fast in many markets."... “Realtors continue to say prospective buyers are frustrated by how quickly prices are rising for the minimal selection of homes that fit buyers’ budget and wish list.”