Bloomberg Press sent over a new book titled: "The Cul De Sac Syndrome," which is about the housing crisis and where we go from here. I haven't started it yet, but did see in the index there was a watch list about which cities will prosper.
Sacramento isn't on it.
In the book author John Wasik runs a list of cities to watch. Here's a look:
Most Troubled Areas
These areas may experience the longest recovery period:
Inland Empire, Calif. Riverside-San Bernardino counties
Sacramento, Stockton, Lodi, Merced and Modesto
Las Vegas and Phoenix
Cleveland (and industrial cities throughout Ohio)
Less troubled areas
In these places price declines will be offset in a shorter period by growth in jobs and population:
Baltimore - Washington, D.C.
Los Angeles County
In these areas housing prices will be lower relative to major adjacent population areas
Rock Island-Dover, Ill.
Louisville, Lexington, Ky.
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