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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (67758)	8/9/2006 8:41:25 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 110194

Contracts in what should be their strongest Q: Down 45% Cancellation rate up despite: ``We have seen an increase in our cancellation rates in a number of markets, including Orlando, Northern California, Palm Springs, Las Vegas, and Phoenix. While our current cancellation rate is significantly higher than our historical levels, we believe it is still the lowest in the industry, primarily because we require a significant non-refundable down payment before we start a buyer's home." IOW, buyers are walking from deposits at an ever increasing pace!