September 17th, 2011 Categories: Market Updates
August was a crazy month. As unemployment stayed stubbornly high, the congress took it upon itself to create the federal debt-default crisis. As that crisis passed by, a credit downgrade from S&P was simply too much sending the stock market down over 10%. Only to come back up. Only later to be greeted with an earth quake and hurricane Irene. Ugh – my head’s still spinning.
I suppose we should be grateful that any homes sold in August as a result. Homes sold, but the stats tell me that the market took a step back in August. This video update goes through the numbers.