FDIC warns of housing bubble:- NEW YORK | June 20, 2005 8:22:17 PM IST The Federal Deposit Insurance Corp. is warning the U.S. housing market is in danger of a serious disruption because some markets are ultra-pricey. FDIC data indicate the nation's most overheated local housing markets now make up such a large share of the total U.S. market, a sharp fall in their values could stall or slow national economic growth, the Wall Street Journal reported Monday. The agency found the 22 major metropolitan markets with the fastest-growing house prices account for 35 percent of the value of the...
