Existing Home Sales Record Crash & Burn - Housing Crash - Housing Bubble 2.0

There has been a lot of recent chatter in the Mainstream News Media that the current US Housing Market has already reached the "bottom" and we are now on the road to recovery. Well, according to the recent Existing Homes Sales Report for January 2023, which is produced by NAR (National Association of Realtors) it appears that a "recovery" is not happening. Home Sales posted a record 37% YOY collapse, which is worse than the pandemic slow down and puts the Housing Market on par with 2010 sales pace and 2012 value increases