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Article: Anybody's best guess: a number of reports list which housing markets are at the greatest risk. Are any of them right?(MARKET ANALYSIS)(Brief Article)
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- Builder
- Article date:
- November 1, 2005
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CopyrightCOPYRIGHT 2005 Hanley-Wood, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANYONE WITH AN ANSWER TO TODAY'S UBIQUItous questions--Is there a housing bubble, and where will it pop first?--is in high demand. Housing analysts, industry think tanks, mortgage companies, and even the government have presented their best guesses in recent reports.
They end up with some radically different answers, however, thanks to different formulas, and there's no consensus as to which approach is best.
In its report, "U.S. Home Prices: Does Bust Always Follow Boom?" the FDIC relied on home price data from the Office of Federal Housing Enterprise Oversight--a frequently cited index--to find its 55 booming markets. Analyst Michael Youngblood of ...