New-Home Sales Sink 5.3% to Lowest Level in 17 Years

Watch for stabilization in the home price metric - that will be the first early sign to "aggressively" move cash back into equities and bonds.

From The Wall Street Journal:
Sales of single-family homes decreased 5.3% to the lowest level in 17 years in October, while prices kept retreating. New-home sales in September, meanwhile, were revised to a 0.7% increase; originally, the government said September sales climbed 2.7%. The median price of a new home fell 7% to $218,000 in October, down from $234,300 in October 2007.