Bloomberg Wealth: With Everything Else Falling, Cash Is Back

Pretty much every asset class you can think of is falling.

Home prices are sinking, with a measure of prices in 20 large US cities dropping for the first time since March 2012. West Coast markets are clocking the steepest declines. But the slump is global. Bidding wars are giving way to listings that linger, and both buyers and sellers say they feel trapped.