Home sales hit 4.17 million in May matching lows not seen since 2008
Median sales prices remain stagnant at 429,000 despite zero buyer interest
Housing ☠️💀 https://t.co/qt3Et80DcG
— QE Infinity (@StealthQE4) June 15, 2026
The 3 percent monthly sales surge is purely noise and ignores 4 years of decline
Luxury transactions over 1 million spiked 11 percent while mid-range demand cratered
Affordability is at crisis levels with mortgage payments consuming 38 percent of gross income
Historic data shows that when mortgage cost-to-income ratios stay this high sales velocity collapses
Only 4.7 percent of existing US housing stock changed hands this year vs 5.3 percent in 2008
Sellers are delusional raising list prices even when assets sit stagnant on the market
Zip-code-specific data shows price forecasts diverging by up to 21 percent between regions
This is is a luxury-skewed stagnation trap waiting for a forced reset