10/26/2010 05:12 am ET | Updated May 25, 2011

Real Estate Slumping: No New McMansions Sold in July

As David Rosenberg, the presciently bearish chief economist and strategist at Canadian asset manager Gluskin Sheff told clients Thursday: "The high-end market, in particular, is under tremendous pressure. In fact, it is becoming non-existent."

Read more on DailyFinance