Contributed by jim | July 8, 2005 11:18 AM PST
Every quarter, the FDIC analyzes each state and produces a state profile that summarizes the state of banking and the economy in the state. This is important in these times because a housing boom supported by an increase in income and jobs is one that can be sustained. A housing boom supported by speculators and investors stands a higher likelihood of crashing. Be sure to read your own state along with California, where the housing market is ridiculous, and Texas, which hasn't been a part of the housing boom, for a comparison. Much thanks to Calculated Risk for blogging about the FDIC's reports.
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