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To: Lucretius who wrote (110342)	6/26/2001 11:23:49 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Interesting nugget here...not so much for what it says about HOMS (obviously a bloated byproduct of the housing bubble), but what it implies about the housing market's future in general: cbs.marketwatch.com; 12:51pm 06/26/01 'Keep a close eye' on Homestore: Pru. (HOMS) By Tomi Kilgore Homestore.com (HOMS) is trading up 57 cents to $33.57, following the release of home sales statistics for May (see 10:00 item). Analyst Mark Rowen at Prudential Securities said he will continue to "keep a close eye" on housing statistics over the next few months, as anecdotal evidence from realtors suggest sales may weaken in June. Rowen said a real estate slowdown is a "major risk" for Homestore as subscription rates can be expected to decline as agents look for ways to cut expenses. Meanwhile, he expects the company to "reap the benefits" of the migration of business to the Web