The Arizona Republic - "Economist: Home prices unlikely to rebound soon" (5-19-07)

"Anyone looking for a quick rebound in housing prices probably is in for a disappointment, said an economist speaking in Phoenix this week. 'We think real estate prices will move sideways or slightly lower for several years,' said Thomas Higgins, of Los Angeles investment firm Payden & Rygel."

Orange County Register - "Blog This House? You Better Not If You Are A Realtor" (5-19-07)

"Should Realtors blog about houses? Is blogging the same thing as advertising? A fascinating story evolving in Seattle raises these issues, specifically: Can Realtors publish blogs with comments about houses listed by other Realtors? The answer from the MLS in Seattle appears to be 'No way.'"

dailynews.com - "American nightmare" (5-19-07)

"Now that some of the dire fears about adjustable-rate mortgages and sub- prime loans are proving true, lenders and nonprofit groups are rushing to come up with ways to slow down the defaults and foreclosures. Institutions behind these assistance programs say that a lot of home buyers were duped or deceived into signing bad loans. The main goal, they say, should be to keep people in their homes."

The Press Enterprise - "Investors in foreclosure rally in Temecula" (5-19-07)

"Families stood shoulder to shoulder at a busy Temecula intersection Saturday to warn passersby that they are facing financial ruin because of an ongoing investment mortgage scheme and to call for authorities to shut down and arrest the culprits. 'We want them put out of business,' said Mory Simmons, a 63-year-old insurance agent from San Diego. Simmons, like most of the approximately 40 people at the rally, said they have homes in foreclosure because investment counselors persuaded them to take on far more mortgage debt than they can afford to pay."