Homebuyers Even More Skittish After Market Turmoil

The past month wasn't exactly a confidence-booster for would-be home buyers and sellers.

They've witnessed a turbulent stock market, a downgrade of U.S. credit, a spreading European debt crisis and a U.S. economy that seems to be running in place.

And now many say that they're even more hesitant -- a retreat that could further delay a rebound in housing. It could hold back the overall economy, too.