Real Estate: A look at the housing market after historic month

In the last 30 days, we had a global financial meltdown. We had the biggest point drop ever in the stock market, and we also had the biggest point gain. We concluded a historic political race, electing the first African American to be president of the United States. The Philadelphia Phillies won the World Series in the first game ever to take three days. Whew, that was one heck of a month.

If the next 30 days bring nothing more than some overeating on Thanksgiving, that might be just fine.

Needless to say, all this ground breaking activity has had an impact on the real estate market. For the most part, it served to bring...