The 10 Riskiest US Home Markets - Fall 2008
Thursday, October 2nd, 2008Don’t worry Columbus is on the list for the ten safest US housing markets…
Here’s The Real Estate Bloggers entry Top 10 Riskiest Home Markets for Fall 2008
Count down or up from the bottom of the list… according to PMI (Private Mortgage Insurance) there is less than 1% chance of lower home prices for the market in 2 years. Contrast those to the housing markets on the top of the list with over a 99% chance…
- Fort Worth-Arlington; TX
- Dallas-Plano-Irving; TX
- Houston-Sugar Land-Baytown; TX
- Pittsburgh; PA
- San Antonio; TX
- Memphis, TN-MS-AR
- Indianapolis-Carmel; IN
- Kansas City; MO-KS
- Austin-Round Rock; TX
- Columbus; OH
All have less than 1% percent chance of prices being lower within the next two years Also less than 1% chance of lower prices…. St. Louis, MO-IL, Milwaukee-Waukesha-West Allis; WI, Charlotte-Gastonia-Concord; NC-SC, Cincinnati-Middletown; OH-KY-IN, Denver-Aurora; CO.
Is there a difference in the list… is Columbus a riskier >1% than cities one through nine? And a lot better than Cinci who would be #15 on a list? Cleveland is just 1.1%…
Those 10 riskiest? The ten riskiest according to PMI with over 96% chance of decrease are : Fort Lauderdale-Pompano Beach-Deerfield Beach; FLA,Riverside-San Bernardino-Ontario; CA, Orlando-Kissimmee; FL, Miami-Miami Beach-Kendall; FL, Tampa-St. Petersburg-Clearwater; FL, Las Vegas-Paradise; NV, Los Angeles-Long Beach-Glendale; CA, Santa Ana-Anaheim-Irvine; CA, Jackksonville; FL and Phoenix-Mesa-Scottsdale; AZ. Visit the PMI study for everything in between if you are not from Columbus or one of these markets.
