The home sales slump in the U.S. continues: Last month was the slowest May for existing home sales since 2009.
Existing home sales in May fell 0.7% compared to the same month last year. Measured monthly, sales were up slightly, 0.8%, from the month before — but that marks an increase from the slowest April for existing home sales in 16 years.
Yeah, it’s just a weird period where things haven’t caught up and there’s nothing any authority could do to force it to catch up
That said, don’t expect prices to go down much. Outside of a total market crash, prices always rise