Friday, July 22, 2005

Where Housing Could Fall

Among other places,


"The Northeast
- New York City has a 31 percent probability that prices will decline. During the housing slump in the '90s, job losses were the big problem. Now, it is the baby boomers who are moving out of the city. And if that trend continues, the high-end real estate market will take a hit.

In Washington, D.C., where government spending, and the resulting strong job market, has fueled the boom, home prices have risen 23 percent over the past year. There's a 19 percent chance that prices will slump as the government reins in spending."



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