Buyers’ Strike? Everyone Knows the Housing Market Has Gone Nuts: Prices Spike but Sales Plunge
This article was written by Wolf Richter and originally published at Wolf Street While 17.4 million people are still claiming some kind of state or federal unemployment compensation, as the delinquency rate on FHA insured mortgages hit a record 17.5% and 2.3 million mortgages are still in forbearance, the beneficiaries of the Fed’s monetary policies are treating homes as leveraged…


