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Some bonds are now trading 63 cents on the dollar

<strong><em>"We're in for a fairly ugly correction,"</em></strong> - Ron Terwilliger, head of Atlanta-based Trammell Crow Residential. <strong><em>"Some markets will really be in the doldrums for quite a while,"</em></strong> - David Seiders, chief economist for the National...

<strong><em>"Am I allowed to use negative numbers?"</em></strong> - Ara Hovnanian, CEO of Hovnanian Cos. to a crowd of about 400 at a real estate conference at the Westin Diplomat in Hollywood.

On one hand, I need to buy this year because (1) tax write-offs (2) so that my family will have a home On the other, to recap the headline news of late (1) "Late Property Taxes A Growing Woe" - OC Register, April 8 (2) "Mortgage Mess On Par With Dot-Com Bust, Stock Crashes" - OC...

Prices dropped 1.1% in Los Angeles, or a 14% annual rate. (unfortunately, CSI does not distinguish between OC and LA). http://www.marketwatch.com/news/story/home-prices-go-negative-first/story.aspx?guid=%7B30B54985%2D2189%2D4AE9%2DB8E5%2DECF89F6095F3%7D&dist=TNMostRead

Inquiry involves "fraud in general" and more specifically is related to corporate, mortgage and investment issues. http://news.yahoo.com/s/ap/20070327/ap_on_bi_ge/beazer_homes_investigation;_ylt=Alr.JMfkWXQzBP3GT.i8iReyBhIF Oh, oh.

<strong><em>% Change is from the same month last year</em></strong> Median % change Sales % change 92602 $715,000 7.0% 23 -25.8% 92603 $650,000...

"<strong>New-home buyers facing an uncertain market and nervous about purchasing a house that might end up falling in value are demanding more incentives and price cuts from home builders."...

Analysts warn New Century may not survive <strong> Several analysts agreed Monday that New Century Financial Corp., one of the nation's largest subprime mortgage lenders, likely faces liquidation or bankruptcy following revelations that it's under criminal investigation and in violation of...

Gates Foundation just dumped a lot of HB's stocks, foreclosures are rising, with layoffs in the real estate industry sure to follow. Irvine certainly employs many, many loan production-related jobs (New Century), as do other support positions in escrows, titles, appraisals, etc.

Does anyone on this board with the legal background?

Is she BSing me? Or am I just not able to be objective about the market? http://homeseekers.com/scripts/seekers_frame_template.asp?_lid=0&_ver=5&source=http://www.realtytimes.com/customnews/HSrealigent.htm Spring Sales Set To Bloom, Says NAR By Blanche Evans...