FLATLINING FLATS
12/02/2025 |
October existing home sales were 4.1 million annualized units, essentially unchanged from September’s 4.05 million units. For some perspective, this is the same activity level that prevailed in 10/08, during the middle of the Housing Bust and a month after Lehman Brothers collapsed. It’s about 20% lower than the worst month in 2001 during the dotcom bust, and lightyears away from the 2021 peak of 6.6 million. The recovery waits.