Business Weekly - "Will Bernanke Tank Housing?" (6-8-06)

"Real estate stocks have been on a steep slide. Shares fell further this week after a downgrade by Wachovia Securities. Since their peaks last summer, Pulte Homes (PHM ), D.R. Horton (DHI ), Lennar (LEN ), KB Homes (KBH ), and Toll Brothers (TOL ), among others, have lost anywhere from one-third to more than a half of their stock market values."

This article touches on several issue Bruce covered in the California Crash. Once builders slow down, expect several industries to be hit. Expect even more migration out of California.

See also Business Weekly article "The Chill in Bernanke's Words" (6-6-06)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.