The Washington Post - "Vultures Are Circling Over Distressed Properties" (10-20-07)

"Call them grave dancers, vulture funds, turnaround specialists or the more euphemistic 'opportunity investors.' However you identify them, the deal is the same: When hyperactive real estate markets lose their sizzle, or property owners no longer can afford to hang on to their houses, well-capitalized investors smell blood and move in."


Daily News - "Sorry to be bearer of bad real estate news" (10-20-07)

"When the market turned back in 1990, the last big slide, prices also fell. This time, though, two years of depressed sales haven't tugged down prices. For example, when this sales slide started, the median price jumped 27.3percent annually, or $128,500.Even this August, the most recent numbers available, the Valley's median price rose 5.7percent, or $35,000, over the previous year, to $645,000."