The US property market is becoming distorted now! - Part 3

https://www.cnbc.com/2020/09/22/existing-home-sales-jump-to-14-year-high-as-prices-set-another-record.html

The US existing home sales have hit 6m which is 14 years high in a recessionary environment.  Why?

The continuous MBS purchases by the US FED have caused this unusual phenomenon because these MBS purchases encourage the banks to give out more mortgage loans since they can transfer the risks to the US FED by selling the MBS to the US FED.

http://sg-stock.blogspot.com/2020/09/the-us-property-market-is-becoming.html