10 Riskiest Housing Markets, Fall 2006
November 8th, 2006 • Related • Filed Under
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The PMI Group is out with it’s quarterly report on the risks in the mortgage world and it is no surprise that California is leading the way with with the greatest risk of property value depreciating. They have a great interest in this as the PMI group represents the mortgage insurance industry and helps determine the rates that homeowners are charged for private mortgage insurance.
- San Diego-Carlsbad-San Marcos, Calif., 60.3 percent
- Sacramento-Arden-Arcade-Roseville, Calif., 60.1 percent
- Oakland-Fremont-Hayward, Calif., 60 percent
- Santa Ana-Anaheim-Irvine, Calif., 59.9 percent
- Nassau-Suffolk, N.Y., 59.8 percent
- Riverside-San Bernardino-Ontario, Calif., 59.6 percent
- Boston-Quincy, Mass., 59.6 percent
- Providence-New Bedford-Fall River, R.I.-Mass., 59 percent
- Los Angeles-Long Beach-Glendale, Calif., 59 percent
- San Jose-Sunnyvale-Santa Clara, Calif., 58.9 percent
The percentage is the probability determined by the PMI Institute that housing prices in that market sector will go down 10 percent or more in the next two years. So San Diego has a 60.3 percent chance of declines of 10 percent or greater according to the PMI Group.
My Representative is one of the infamous eight Republicans who voted to support this disgraceful legislation, Frank LoBiondo in South ...
When selling our homes, what takes place should be between the seller and the buyer. Not the government. ...
Yea I guess I would be mad or should I say disappointed if I missed the cut off date for ...
If you haven't read this bill I could easily see how one could support it. I mean the bill ...
Pain is gain. I really support this, and the change may be hard but it has to be done. ...
I can't tell you how many people I've talked to in the past week who are completely unaware that the ...
The liberal government policies have facilitated the expansion of the foreign involvement in the Real Estate Investment sector. 
We all know EPA has the most murders per 100k ever. 175 murders per 100k. 
I am confused...I closed on my house 1 April 2008, I did not get $7500 pay back or $8000 no ...
I am a person that has been qualified for a loan and really would love to see this enacted. ...
Pingback by 10 Safest Housing Markets, Fall 2006 » The Real Estate Bloggers on 9 November 2006:
[...] Yesterday, we showed you the riskiest housing markets to buy in, now we have the safest markets to puchase a home in according to the PMIÂ Group. These communities the private mortgage industry thinks will show the safest places to buy without fear of a loss of value. [...]
Comment by Chicago Real Estate on 13 November 2006:
Is there a longer list available? I’m wondering where Chicago fell into the category.