Collapsing sales might be fake news. My friend had a tiny 2bed 2bath home with almost no land sell for cash in 2 days for over a quarter mill.
No individual has this, so I am thinking corporations and wall streeters are the bank. But this is an orchestrated event since Covid. It’s been a while since I looked at the other evils around the Covid tyranny.
I know some folks near by who put up their house for sale. They had an offer in 30 minutes after putting it on the market. There was a bidding war, and they ended up selling for $30k over asking price. No housing collapse in my area - yet.