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California Tops PMI's Risk Index
Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased for 34 out of the nation’s top 50 over a year earlier, with an average score of 342. Based on a 1000 point scale, that score translates into a 34.2 However, economic fundamentals are strong in most of the 50 MSAs studied — particularly due to historically low unemployment rates and strong job growth — leading Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • California Tops PMI's Risk Index
    Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased for 34 out of the nation’s top 50 over a year earlier, with an average score of 342. Based on a 1000 point scale, that score translates into a 34.2 However, economic fundamentals are strong in most of the 50 MSAs studied — particularly due to historically low unemployment rates and strong job growth — leading Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE