Contact:

Ronen Stein, V. Palm, FL 26% Rockford, IL 2% Columbus, OH -7%
Sacramento, CA 25% Orlando, FL 2% Davenport, IA -7%
Las Vegas, NV 24% Visalia, CA 2% Columbia, SC -8%
Portland, OR 24% Raleigh, NC 2% Nashville, TN -8%
Miami, FL 23% Phoenix, AZ 2% Omaha, NE -9%
Sarasota, FL 22% Canton, OH 1% Des Moines, IA -10%
Detroit, MI 22% Louisville, KY 0% Tulsa , OK -10%
Saginaw, MI 21% Tucson, AZ 0% Harrisburg, PA -10%
Bellingham, WA 21% Tampa, FL -1% Lincoln, NE -11%
Fresno, CA 19% Atlanta, GA -1% Houston, TX -11%
Reno, NV 19% Daytona Beach, FL -1% Dallas, TX -11%
New York, NY 16% Richmond, VA -1% Wichita, KS -11%
St. Its core businesses include
commercial and retail banking, mortgage financing and servicing, consumer
finance and asset management.

rsa seirbh

.S.

About National City
National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio,
is one of the nation's largest financial holding companies.

rsa gaeilge

faoi teagmh

GIVATAYIM, Israel, 15:30 Local Time

How: English -Live conference call by dialing, +1-866-860-9642
or +972-3-9180600
Hebrew - Live conference call by dialing 03-9180609 .

Real Estate Study Finds Growing Risk of Housing 'Bubblettes'

eolas seirbh

telocation. For more information about National City, visit
the company's Web site at NationalCity.

gn isi

housing stock,
labeled as areas with home premiums in excess of 20 percent, a metric that may
indicate future price corrections.
"Many are concerned that housing represents an overvalued sector of the
economy that will be corrected with future price declines."
To view the February edition of DeKaser's Financial Market Outlook
containing information on all 99 markets,
visit: http://www.

rsa teoranta

Nexus Telocation Systems Ltd. Announces Second Quarter Results Conference Call

Nexus provides services, for the most part, in Israel, through its
subsidiary Shagrir and in Argentina and Mexico through its subsidiaries
Tracsat and Pointer SA. Other undervalued
cities include Memphis , Tenn.

nta spid

oca ocht

is a service provider of a range of
services to automobile owners and insurance companies , including road-side
assistance, vehicle towing, stolen vehicle retrieval and other value added
services .com
Tel: +972-3-611-4466
E-mail: yael@commitment-IR.nationalcity.

teoranta spailp

. and author of the study , said.
"While overvaluation in home prices presents a risk of future declines,"
DeKaser notes , "these risks may well go unfulfilled. The company
operates through an extensive banking network primarily in Ohio, Illinois,
Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves
customers in selected markets nationally.

gn ireacht

"
DeKaser's study examines what home prices should be, controlling for
differences in population density, relative income levels, interest rates, and
historically observed market premiums or discounts.

rsa ochta

Potential "bubblettes"
include cities such as Chico, Calif.
However, DeKaser's study reveals that overvaluation is not pervasive and
that many areas are undervalued, such as Salt Lake City, Utah, the most
undervalued housing market with a 23 percent discount.

gaeilge siopa

P.
real estate markets announced today by the economics department of National
City Corp. Other key markets such as New York and
Chicago came in below the 20 percent mark, at 16 and 11 percent respectively.

teagmh rsa

newscom. Louis, MO 16% Greensboro, NC -1% Buffalo, NY -11%
Greenville, SC 15% Colorado Springs, CO -1% Topeka, KS -13%
Boston, MA 14% Boise City, ID -1% Birmingham, AL -13%
Honolulu, HI 14% Fort Collins, CO -2% Rochester, NY -13%
Denver, CO 14% Spokane, WA -2% Oklahoma City, OK -13%
Seattle, WA 14% Allentown, PA -2% Baton Rouge, LA -14%
Eugene, OR 13% Kansas City, MO -2% New Orleans, LA -14%
Chicago, IL 11% Peoria, IL -3% Albuquerque, NM -14%
Washington, DC 10% Richland, WA -3% Syracuse, NY -16%
Minneapolis, MN 10% Lancaster , PA -5% Beaumont, TX -16%
Lansing, MI 8% Indianapolis, IN -5% Little Rock, AR -16%
Kalamazoo, MI 8% Norfolk, VA -5% Macon, GA -17%
Cleveland, OH 7% Pittsburgh, PA -5% Memphis, TN -20%
Grand Rapids, MI 6% Fort Wayne, IN -5% Salt Lake, UT -23%

* Figures represent 2004 prices relative to those implied by
fundamentals.

eolas spid

com

rsa gn

Nexus Telocation Systems Ltd .

spailp seirbh

nta spailp

co. finds housing "bubblettes" in one-fifth of the U. Premiums above 20 percent can be found in
San Francisco, Miami and Los Angeles.

eolas osanna

il
Yael Nevat, Commitment-IR. National City Analysis of Top 99 Metro Areas Finds One-Fifth Of
Housing Stock Overvalued

CLEVELAND, A study of the top 99 U.com/cgi-bin/prnh/20030428/NATIONALCITYLOGO )
"The housing market has shouldered much of the economic recovery," Richard
DeKaser, chief economist of National City Corp., where a buyer will pay the highest
premium for a home at 43 percent.

ireacht teanga

faoi seirbh

nexus. The true test of today's
premiums in these markets will be the economic environment, especially incomes
and interest rates, in the years ahead.

comhairle faoi

com.

spid osanna

(Logo: http://www. This study shows
that some cities currently may be in the midst of a housing 'bubblette' and
there is greater risk in these areas for corrections.

gn teoranta

and Chief Financial Officer
Tel: +972-3-572-3111
E-mail: ronens@nexus.S.

com/economics

Metropolitan Area Single Family Home Valuations*

Chico , CA 43% Philadelphia, PA 6% Austin, TX -5%
Stockton, CA 34% Milwaukee, WI 6% Charleston, SC -5%
Santa Barbara, CA 34% Providence, RI 5% Dayton, OH -5%
Los Angeles, CA 32% Toledo, OH 5% Hartford , CT -6%
San Francisco, CA 30% Bakersfield, CA 5% Cincinnati, OH -6%
Modesto, CA 30% San Antonio, TX 3% Madison, WI -6%
San Diego, CA 28% Jacksonville, FL 3% Charlotte, NC -6%
W.

teoranta spailp

If you are unable to participate during the live call, the call will be
archived at:
http://www.com., and Macon , Ga.

ranna rsa

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)