Market For Existing Homes Tanks In July

Yeah, this is the Recovery Summer. NOT.

If the 27.2% plunge in existing home sales is any indicator, the 'recovery' has just had a major setback. If home sales are falling, small businesses tied directly and indirectly to housing aren't seeing any increases in their business. This in turn means they won't be adding any new employees.

Can anyone say “Double Dip Recession?”