One reason why houses are still selling.
Credit is still plentiful.

I receive an ad by Richmond American (don’t know why they are sending to me):

Lower payments put your dream house within reach:
$641,990 payment as low as $2389/mo
$701,900 payment as low as $2609/mo
$719,900 payment as low as $2646/mo

100% financing, interest only ARM, and other fine print.