<p><em>THOUGHT YOU MIGHT FIND THIS IRVINE RANCH NEWSLETTER INTERESTING/AMUSING:</em></p>
<p><strong>Why Buy Now?</strong></p>
<p> Joe Davis is president of Irvine Community Development Company, an affiliate of The Irvine Company responsible for all residential development on The Irvine Ranch.</p>
<p>Active in the real estate industry for over thirty years and respected for his knowledge and experience, Mr. Davis is frequently interviewed by the media.</p>
<p>Below are Mr. Davis' recent answers to questions about why now is a good time to buy a home on The Irvine Ranch. </p>
<p>"Over the last few weeks, we have seen a change in the attitude of potential homebuyers. The number of visitors at our villages has remained remarkably consistent, and home buyers like our homes and have shown a real interest in buying. Remember that existing home sales posted a recent increase-their first in months-another indication of a change in homebuyers' attitudes. As the economy remains solid, interest rates are still at very affordable levels, and sales prices stabilize, the extra supply of homes on the market could begin to dwindle as soon as the first or second quarter of next year. And we all know that as the supply decreases, prices will increase." </p>
<p>
"The attitude change in homebuyers mirrors recent sentiments by some analysts -- including former Federal Reserve Chairman Alan Greenspan, who recently said that he believes that the housing market adjustment is over." </p>
<p>
"Portola Springs and the award winning village of Woodbury represent some of the last opportunities for homebuyers to enjoy the unique lifestyle offered on The Irvine Ranch. As we build-out our master planned communities, there is a limited number of new homes available for buyers." </p>
<p>
"The new home market in 2007 will remain a wise, sound investment for buyers. Population and job growth continue to put pressure on the limited supply of new homes that are available in Orange County, and interest rates remain low." </p>
<p>
"The underlying Orange County economy is both strong and growing. Orange County remains one of the hottest employment markets in the nation and the unemployment rate remains low, at just 3.1%. As businesses expand and/or relocate in Orange County - like The Capital Group moving some 2,000 employees and 800 new jobs to Irvine - it creates additional demand for new homes." </p>
<p>
"First time home buying opportunities remain attractive since long term appreciation has continued to provide equity growth, a hedge against inflation and a catalyst for upward mobility over time." </p>
<p> </p>
<p> </p>
<p> </p>
<p><strong>Why Buy Now?</strong></p>
<p> Joe Davis is president of Irvine Community Development Company, an affiliate of The Irvine Company responsible for all residential development on The Irvine Ranch.</p>
<p>Active in the real estate industry for over thirty years and respected for his knowledge and experience, Mr. Davis is frequently interviewed by the media.</p>
<p>Below are Mr. Davis' recent answers to questions about why now is a good time to buy a home on The Irvine Ranch. </p>
<p>"Over the last few weeks, we have seen a change in the attitude of potential homebuyers. The number of visitors at our villages has remained remarkably consistent, and home buyers like our homes and have shown a real interest in buying. Remember that existing home sales posted a recent increase-their first in months-another indication of a change in homebuyers' attitudes. As the economy remains solid, interest rates are still at very affordable levels, and sales prices stabilize, the extra supply of homes on the market could begin to dwindle as soon as the first or second quarter of next year. And we all know that as the supply decreases, prices will increase." </p>
<p>
"The attitude change in homebuyers mirrors recent sentiments by some analysts -- including former Federal Reserve Chairman Alan Greenspan, who recently said that he believes that the housing market adjustment is over." </p>
<p>
"Portola Springs and the award winning village of Woodbury represent some of the last opportunities for homebuyers to enjoy the unique lifestyle offered on The Irvine Ranch. As we build-out our master planned communities, there is a limited number of new homes available for buyers." </p>
<p>
"The new home market in 2007 will remain a wise, sound investment for buyers. Population and job growth continue to put pressure on the limited supply of new homes that are available in Orange County, and interest rates remain low." </p>
<p>
"The underlying Orange County economy is both strong and growing. Orange County remains one of the hottest employment markets in the nation and the unemployment rate remains low, at just 3.1%. As businesses expand and/or relocate in Orange County - like The Capital Group moving some 2,000 employees and 800 new jobs to Irvine - it creates additional demand for new homes." </p>
<p>
"First time home buying opportunities remain attractive since long term appreciation has continued to provide equity growth, a hedge against inflation and a catalyst for upward mobility over time." </p>
<p> </p>
<p> </p>
<p> </p>