Nationally, I think it will be a common cold, if you will.

The people who bought in 2003 or sooner ... they generally have enough equity that they're going to do all right.

It won't break the economy.

That is, their combined mortgage debts exceeded their home values by more than 10 percent.

It's slowed down a bit since last spring and summer. The real question is whether it's more than just the seasonal slowdown.

I feel Texas is going to come out of this pretty well.

In general, you're not going to get a great discount in a great location, right where your job is, a place that you really want to buy.

I'm more positive about Texas than almost anywhere, because the underpinnings are good, and it hasn't had the huge run-up that other markets have.