Footnoted.org found a great press release by Meritage Homes Corporation (MTH), which discussed how home sales were down 34%, with a 50% reduction in California, To make things worse, 'the downturn of the housing market will be deeper and longer than previously anticipated' according to the report.
However, Footnoted pointed out the most interesting quote by the Chairman and CEO Steven Hilton, 'Now is a great time to buy a home!'
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