National Association of Realtors , sales of previously owned homes drop 2.6 percent
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http://biz.yahoo.com/ap/050823/wall_street.html?.v=15
The latest snapshot of housing activity suggested that the sizzling housing market may be cooling slightly. Wall Street has been closely watching home sales, worried that the housing boom is nearing its end.
Condos saw the worst hit and also price declines.
Get ready folks I called the top, we are starting to see the cracks now.
I am calling for a recession in the US in the next 6-12 months.