Home sales posted their sharpest drop in 18 years in March as problems in the subprime mortgage sector pushed sales well below expectations. Sales of existing homes fell 8.4 percent to an annual rate of 6.12 million in March from February's 6.68 million rate, the National Association of Realtors said. Before we see a bottom, we need to hear more homeowner horror stories. We're not their just yet.

I think there needs to be more carnage before we see the bottom of the housing market.

The Condo market is not that much better either. I wonder if the hot money is going out of real estate into stocks.