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14 Markets With Nowhere to Go but Up

August 11th, 2008 10:07 AM by Lehel Szucs

14 Markets With Nowhere to Go but Up

PMI Mortgage Insurance Co., has ranked the nation’s 50 largest metropolitan statistical areas according to the risk that home prices will decline further during the next two years.

The highest risk is in areas where home price growth was the greatest during the housing boom. The lowest risk of prices declining further is in areas where affordability has increased.

PMI identifies these areas as having a less than 1 percent risk of home prices declining further (read the whole list of metro areas ranked on the risk index):
  • Milwaukee-Waukesha-West Allis, Wis.
  • Cleveland-Elyria-Mentor, Ohio
  • Austin-Round Rock, Texas
  • Denver-Aurora, Colo.
  • Charlotte-Gastonia-Concord, N.C.-S.C.
  • Kansas City,Mo.-Kan.
  • Columbus, Ohio
  • Cincinnati-Middletown, Ohio-Ky.-Ind.
  • Indianapolis-Carmel, Ind.
  • San Antonio, Texas
  • Houston-Sugar Land-Baytown, Texas
  • Pittsburgh, Pa.
  • Dallas-Plano-Irving, Texas
  • Fort Worth-Arlington, Texas

Source: PMI Mortgage Insurance Co. (07/01/2008)
Posted in:General
Posted by Lehel Szucs on August 11th, 2008 10:07 AM

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