"There is an increasing risk of price declines in some of those areas, especially those in which job growth has been the most anemic," said David Berson, chief economist at mortgage finance provider Fannie Mae. Berson spoke on a conference call organized by the Homeownership Alliance about the outlook for the housing industry.
"Corporate profits are up 40 percent from two years ago, so companies are spending and jobs are being created," said David Lereah, chief economist for the National Association of Realtors.
"We do have some concerns about some of the metro areas that have very high price gains and haven't seen job gains or continue to see job losses. But that's a very small number," Berson said.
http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=568&e=2&u=/nm/20040830/bs_nm/economy_housing_dc_2Is anything this guy said true?