Real Estate Jounral - "Will Real Estate Finally Bloom Come Springtime?" (1-9-07)

Until last week, it had been looking to some like a bottom might be at hand. Then Tuesday, Lennar Corp. said it expected to show a large loss on the back of land write-downs of $400 million to $500 million. The home builder said it has yet to see "tangible evidence of a market recovery." Thursday, the National Association of Realtors said its index of pending home sales, which is based on how many sales contracts have been signed in a given month, slipped in November. The Dow Jones index of home-building shares fell 4.3% last week.