Existing home sales fell back in December

From Econoday Report: "Existing home sales fell back in December, down to a 6.69 million unit rate compared to a downward revised 6.92 million in November and expectations for 6.80. Sales rose slightly in the Northeast and Midwest but fell in the South and West." Tell us about it .... From personal experience: we have been trying to sell our townhouse condo for almost 3 months now. It's been really slow. The market is packed with condos for sale, and the competition is great. There are rumors that this whole real estate bubble will blow up soon and prices will drop, so consumers are holding back home purchases, and shopping around, browsing in the market. Some news about the Oil market: Oil prices hit fresh high, then dips below $72 Traders worry Gulf crude supply may be hit by efforts to rein in Iran read about it here: http://msnbc.msn.com/id/12400801/