Japan down 10%. European markets down 6%. U.S. down 4.5% at posting.
Recession talk everywhere.
A glimmer of hope: home sales are up 5.5% in September. But…
Even with the gain in sales, prices kept falling. The median sales price has dropped to $191,600, down by 9 percent from a year ago.
Sales growth is nice, but prices need to floor out in order to find a bottom in this crisis.