Housing Zombie Bubble Revival Prices Continue to Radically Inflate

The mainstream media likes to give short shrift to the second half of the NAR's misnamed monthly report on "Existing Home Sales." Yes, they're existing homes. No they're not sales, they're sale closings. The sale takes place when the contract is signed. The NAR calls that "Pending Home Sales." When the contract is signed, the buyer and seller have agreed on the price, the Sold sign goes up, and the house comes off the market. SOLD!

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