Monday, January 17, 2005

Article Pinpoints Overheated Markets

In a piece by a Bloomberg columnist, some researchers for S&P identified the most overheated markets in the US. "The markets that Parisi and Mason predict will ``likely to suffer declines over the next two to three years in the event of an economic downturn'' based on U.S. housing data through the second quarter are a who's who list of sizzling U.S. markets: Los Angeles, San Luis Obispo, Orange County, Santa Rosa and Ventura, California; Brockton, Barnstable, and New Bedford, Massachusetts.; Fort Pierce and Miami, Florida; Nassau-Suffolk, New York; and Monmouth-Ocean and Jersey City, New Jersey".


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