10 Safest Housing Markets, Fall 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 PMI Group. These communities the private mortgage industry thinks will show the safest places to buy without fear of a loss of value.

  1. Pittsburgh, 6.1 percent
  2. Indianapolis-Carmel, Ind., 6.3 percent
  3. Memphis, Tenn.-Miss.-Ark., 6.8 percent
  4. Cincinnati-Middletown, Ohio-Ky.-Ind., 7.2 percent
  5. Cleveland-Elyria-Mentor, Ohio, 7.4 percent
  6. Columbus, Ohio, 7.4 percent
  7. Fort Worth-Arlington, Texas (MSAD), 7.6 percent
  8. San Antonio, Texas, 7.8 percent
  9. Nashville-Davidson-Murfreesboro, Tenn., 8.6 percent
  10. Houston-Sugar Land-Baytown, Texas, 8.8 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. Pittsburghs chance of losing 10 percent is 6.1 percent making the city the safest investment according to the PMI Group.

Related posts:
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  3. Top 10 Places To Retire in the United States in 2009
  4. The Investors Are Coming, The Investors Are Coming
  5. Relocating: Atlanta Named Top Destination By UHaul in 2008

There Is 1 Response So Far. »

  1. [...] Throw into the mix some statistics from the ground that the average sales price in Pittsburgh for the first 9 months of the year was up $5,000 (over two percent) from the first 9 months of last year.  Stir in Pittsburgh’s spot as #1 on the PMI list of the 10 safest housing markets (courtesy of the Real Estate Bloggers). [...]

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