The US housing market is experiencing a puzzling phenomenon where home prices are reaching new highs despite a decrease in existing home sales and an increase in the supply of homes for sale. This contradiction is confounding economists like David Rosenberg who are scratching their heads at the unusual trend. The market seems to be defying the fundamental economic principle of supply and demand, with more homes available for purchase and less demand from buyers, yet prices continue to soar. This bizarre situation has led to a distortion of the traditional housing market dynamics, leaving experts perplexed at the current state of affairs. With the housing market operating in a topsy-turvy manner, it raises concerns about the stability and sustainability of this unprecedented scenario.