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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (68613)	8/22/2006 3:07:48 PM
From: russwinter	Read Replies (2) of 110194

Must read on California housing, ominous: news.morningstar.com A key take away: Demand has hit a wall" in Southern California as skyrocketing prices over of the past few years have made homes less affordable, said Barron. Builders have responded by offering higher incentives and steep price cuts, and by allowing buyers to put down shockingly small deposits - of less than 1% - on homes, he said.

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