Housing Slow Down
Here is an article from yesterday's Wall Street Journal talking about the possibility of the housing slowdown being worse than anticipated. The article has no pricing evidence, just extrapolated estimates from monthly home sale data. The worry is what the housing slow down will do to the overall economy, and the article guesses that it may take .75% to 2.0% off GDP, which is significant, especially when GDP was 2.5% in the second quarter.