Hello fellow Rebel capitals hope you are well.

So we've got big news in the housing market.

As far as the metrics we're seeing,

the data we're seeing is something we haven't seen since 2010.

Don't take my word on it.

Let's go right over to see and see what I'm referring to.

September Home Sales drop to lowest level since 2010.

Now, this doesn't mean that the housing market,

as far as the prices, are going to implode,

but you've got to scratch beneath the surface to really see what's going on here.

And then once you determine, okay, what's really causing this to happen,

then you can go ahead and plug that into your analysis of the

overall probabilities of prices going up or down in the future.

Let's just say over the next year or two. So key talking points, the median price of an existing home

sold in September was 404,000,

an increase, an increase of 3% year-year.

So this, it's really interesting to try to parse through the data

and come to some conclusions

because you would assume that if home sales dropped to lowest level since 2010,

that would negatively impact the price and all else being equal it would.

But something else is happening here beneath the surface,

and that's what we've got to figure out.

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