OC Register - "Real estate economist cuts O.C. price forecast" (7-22-06)

"Gary Watts now sees 11% to 12% growth in home values for 2006 instead of the 15% appreciation he previously predicted."

"I really think that we are pretty close to the bottom of our real estate prices," Watts said. "August ought to be the last month of weak appreciation numbers."

Fore reference sake: "Housing evangelist still crying 'Hallelujah'" (7-23-05)