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03-25-2009, 09:17 PM #1
Banned
- Join Date
- Mar 2009
- Posts
- 25
America's riskiest housing markets
A new report projects home-price declines for the next two years in Amercia. The riskiest markets are in Florida, California, Nevada and Arizona.
There's a 34.6% chance on average that home prices will drop in the nation's top 50 markets in the next couple of years, according to PMI Mortgage Insurance's new U.S. Market Risk Index, which heavily factors in recent price volatility.Last edited by Chief Tutor; 03-26-2009 at 10:59 AM. Reason: Put URL in Signature
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03-26-2009, 11:09 PM #2
Condominium
- Join Date
- Dec 2008
- Posts
- 172
Yes indeed; America has been the most of the riskiest housing markets, more so after the US sub-prime mortgage crisis. I think there will be a more of price volatility in the years to follow!
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03-29-2009, 04:33 PM #3
Fixer Upper
- Join Date
- Jan 2009
- Location
- VA and NY
- Posts
- 37
I say let it keep dropping for a few years. More buying opportunities for the long term. All my investments have solid rental demand and are cashflowing well, so I am not worried about price drops as much as most. That's just my 2 cents though.
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