Housing Market Cooling

The local & national news tonight was all talking about the real estate market "cooling off" and how so many homes are on the market now. The AP states....in every article might I add....

"The National Association of Realtors reported Wednesday that sales of existing homes and condominiums dropped by 4.1 percent in July from June to a seasonally adjusted annual rate of 6.33 million. That was the lowest level since January 2004."

"On Wall Street, the housing report rattled investors and pushed stocks lower. The Dow Jones industrials lost 41.94 points to close at 11,297.90."