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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (40950)	9/7/2005 9:47:23 PM
From: Tradelite	Read Replies (3) \| Respond to of 306849

re: HOV In light of the fact that HOV stock was sent tumbling down one day recently by a Wall Street downgrade, allegedly due to a "slowing market" in the DC area, where the analysts said HOV allegedly has much of its business...... I will report on some home sales in my little zip code located a few stoplights outside of DC, so you can see how "slow" the DC market is.... As of tonight, in zip code 22101, among homes priced in a real nice reasonable range of $500K-$1,000,000........ we currently have only 44 listings, of which 8 (eight!) already have contracts. This compares to 43 listings with 4 contracts on August 29, and 45 listings with 6 contracts on August 10. Draw your own conclusions about the level of sales in HOV's primary market areas as defined by Wall Street analysts. I can certainly draw mine, and I wouldn't short this stock on a bet. But good luck, anyway. <<gg>>