The Federal Deposit Insurance Corporation has identified the thirteen US cities most at risk of overbuilding.
Analysts at the Federal Deposit Insurance Corporation added Denver, Fort Worth, Jacksonville, Sacramento, and Seattle to a list of metropolitan areas at risk of overbuilding, expanding their list of cities at risk to 13. Atlanta, Charlotte, Dallas, Las Vegas, Orlando, Phoenix, Portland (Oregon) and Salt Lake City remain on the list, FDIC analysts reported. The expansion of the list, which covers five categories of commercial properties, came despite tighter standards for inclusion. Under the tighter standards, Nashville dropped off the "at risk" list. The full document is available on the Web.
Thanks to Chris Steins
Read the full story: FDIC Report Flags Five More Cities At Risk Of Overbuilding
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