February 11, 2008 Comments

PMI Group Winter 2008 Risk Index

Last month, the PMI Group released their winter 2008 risk index. The risk index ranks the nation’s largest 50 metropolitan areas according to the likelihood that home prices will be lower within the next two years. California and Florida had several metropolitan areas with very high risk. If you are looking to relocate any time soon, you may want to avoid those two states and perhaps look to Texas instead. Texas seems to provide a much more stable housing market in terms of price stability, with several metropolitan areas having less than a 1% chance of lower home values in the next two years. If you’d like to see the report in its entirety, you can see it here.