A segment on tv last night indicated that the refi boom is slowing and that new sales are down. I am assuming that this is already reflected in the share price. My broker says he sees no sign of a slowdown here in Chicago, but he hears that other markets like Dallas and LA are slowing.
In L.A. Times(5/25/01) business section front page, Sales in L.A. were 4% higher than April of 2000, and the strongest April since 1991. Cushioning the existing home sales market was the mentioned fact that new home inventory was at a relatively small supply.