They Are Getting Worried In Orange County, CA

The OC Register found at least one RE professional who was losing his cool. ""We're dead in the water as far as home-price appreciation" if interest rates rise another half-point, said one in Laguna Niguel. "Wages are just not in line with home prices."

Even the bulls don't sound real sure of their conviction. "Paul Scheper of L.L. Financial in Aliso Viejo noted..'inflation fears, prompting an increase in rates. It's a knee-jerk reaction'...there's 'no need for concern or panic - unless the ... (jobs figure) does the same thing again.'" Link Reg. Req.