4 Articles match "Houses","Los Angeles","Metro"

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• California Tops PMI's Risk Index
  
  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. Of the top 50 metros, 19 face a more than 50 percent chance of declining home prices through the end of 2008. The Sacramento-Arden-Arcade-Roseville, CA, metro area topped the list with a score of 604 (a 60.4 Market Risk Index just released by the PMI Mortgage Insurance Co. Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased for 34 out of the nation’s top 50
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Fade in World Series Spotlight
  
  The city’s foreclosure rate of one new foreclosure filing for every 197 households was more than five times the national average and tops among the nation’s 100 largest metros. And foreclosures are just the tip of the iceberg when it comes to the city’s economic woes, reports the Los Angeles Times , which cites the decline of the automotive industry as the primary culprit. But for at least The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Mayors Predict Rising Foreclosures in 2008
  
  That will worsen the already sharp housing downturn, with ripple effects on hiring and spending. Nearly 130 cities around the country will face sluggish growth, as economic activity expansion is reduced by more than a third in 65 metro areas alone, the report predicts. billion in economic activity in 2008, followed by Los Angeles at $8.3 Mounting home foreclosures will lead to “profound” effects on the economy next year, bleeding billions of dollars in lost tax revenues, shrinking job growth and reducing consumer spending in the nation’s major metropolitan areas, according to a new report released this week by the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 Prices in those metro areas were down 19.5 quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M. quot; Las Vegas and Phoenix posted the two biggest annual percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. percent from their peak in July 2006. "There
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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