CBS - "Home Sales Observe Largest Decline Since 1996" (10-13-06)

"The unsold inventory of new homes in Orange County is at the highest level since 1996, according to an economic forecast released Friday in Irvine."

"Through August, sales of existing homes in Orange County were off 29 percent compared to the same period a year ago, the largest year-over-year decline, according to the UCLA Anderson Forecast: Orange County Economic Outlook for 2007."