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KNX AM 1070 Business News

August 15, 2005

00:12:00 Real Estate. SI; Dr. Stuart Gabriel, USC Lusk Center for Real Estate ; "Home numbers are old news because we haev seen a slowdown in market since June. Mortgage refinance activity has fallen in past few weeks and share prices coming down on reets and defaults bottoming out. More sellers in market and fewer buyers in market. Four out of five of the hottest markets are in Florida.