After September Surge, Will October See The Biggest Collapse In Existing Home Sales Ever?

housecollapse tbi

The 10% rise in existing home sales in September marked the biggest rise ever.

Unfortunately it was still the fourth worst month ever, and still down from last year.

Here’s another problem: According to Realtors, over a third of the 4.53 million sales were distressed sales of some sort.

And of course, as you know… October won’t have been a good month for distressed home sales. That number may not drop to zero, but the foreclosure-related sales space was basically stuck for a big chunk of the month in several states.

Get ready for a big decline.

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