clock menu more-arrow no yes

Filed under:

Home Sales Plunge Further, Recession Nigh

New, 1 comment

It's bad. Really bad, according to today's report: new home sales crashed another 9% from October to November, fueling the lowest level the U.S. of A. has seen in 12 years. One step closer to an all-out recession? Some think so; Herr Allen Greenspan claims that the economy is "getting close to stall speed." Ouch. [SF Gate]