NAHB - "New-Home Sales Down 3.9 Percent In February" (3-26-07)

"Sales of new single-family homes fell 3.9 percent in February to a seasonally adjusted annual rate of 848,000, the lowest level since August of 2000, according to figures released today by the U.S. Commerce Department. The February fall-off followed downward revisions to the sales rates for the three previous months."

Redding.com - "Borrowing trouble" (3-25-07)

From 2001 to 2006, home values in the Redding area more than doubled, an unprecedented run-up in appreciation. The rise in real estate was buoyed by a bevy of alternative loan products, including the subprime market, which has been struggling financially in recent months."

San Diego Business Journal - "Notices of Defaults on Home Loans Skyrocketing in County" (3-26-07)

" In the fourth quarter of 2006, San Diego County experienced a 169 percent increase in homes receiving notices of loan default from a year ago. Default notices — the first step in the foreclosure process — were up to 3,150 from 1,173 for the like quarter 2005, according to DataQuick Information Systems , which compiles home property data. Throughout California, there were 37,273 default notices — notifying homeowners 90 days behind on payments — sent from October to December 2006, marking the most foreclosure activity since the third quarter of 1998, when the number of default notices hit 38,053."

MSN - "What realty agents won't tell you" (3-25-07)

"Fair-housing laws prevent agents from talking about neighborhood demographics, and they often don't want to discuss other details, such as crime stats. Luckily, the Web picks up where agents leave off."

CNN - "New home sales: Slowest in 6 years" (3-26-07)

"Pace of new home sales slumps 4% to lowest since August 2000 as glut of homes on the market rises, hurting prices."

Yahoo! - "Sales of New Homes Fall Sharply" (3-26-07)

"Sales of New Homes Fall Sharply for 2nd Consecutive Month in February"

Business Week - "The Forecast for Foreclosures" (3-26-07)

"Don't be fooled by falling foreclosure rates and rising home sales—many parts of the U.S. are still hurting from the housing slowdown"

Bloomberg - "U.S. Foreclosure Filings Rise 12 Percent in February (Update3)" (3-26-07)

"U.S. foreclosure filings last month jumped 12 percent compared with a year ago as owners struggled with declining home values and higher adjustable mortgage rates. More than 130,000 homes entered foreclosure last month, according to a report from RealtyTrac, an online listing of foreclosed properties. That's the second-highest since RealtyTrac began collecting data in January 2005. "

Market Watch - "New-home sales fall to seven-year low" (3-26-07)

"Sales of new homes unexpectedly dropped in February to the lowest level seen in nearly seven years, while inventories of unsold homes rose to a 16-year high, suggesting that the nation's housing market was softening heading into the vital spring buying season. Sales of newly constructed single-family houses unexpectedly slowed again in February, falling 3.9% to a seasonally adjusted annual rate of 848,000, the lowest level since June 2000, the Commerce Department reported Monday. Sales were down 18.3% compared with February 2006."

OC Register - "California: Root of western states' evil?" (3-26-07)

"Neighboring states often blame former Californians – sometimes with cause – for changes they don't like in their communities."