Housing market bubble ?
PMI's Economic and Real Estate Trends (ERET): [PDF, cached]
Economic and Real Estate Trends is a narrative publication based on an
internally developed PMI model. Issued quarterly, the report includes
commentary on the national economy and regional housing price trends.
In addition, select metropolitan areas are analyzed. The 50 most
populated metropolitan areas are featured in a tabular presentation
(Metropolitan Area Economic Indicators), based on a statistical model
utilizing economic data, real estate variables and market expertise.
The model provides several risk measures to gauge relative residential
lending risk.