The housing market is our first victim of speculative fever and rising interest rates.

FORBES: A Comet In Copper

The prosecution of the Quinns has reawakened nationwide anguish and finger pointing about the reasons for the cataclysmic collapse of the Irish economy which had sailed so high on speculative fever for nearly 15 years.

FORBES: Ireland's Richest Man In Jail: The Collapse Of Celtic Dreams Continues

But most economists and people in the mortgage business say the correction, when it does come, will be limited to certain areas--California, parts of Florida and elsewhere in the Southwest--where the speculative fever has been the most frenetic.

FORBES: Magazine Article