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What are the 20 Riskiest Markets for Real Estate?

August 20th, 2010 10:25 AM

Luckily the Alaska market does not show up at all. We have been fortunate to have a relatively stable market. Anchorage and Eagle River specifically have been and appear to continue to be stable. Inventories are still low, prices stable and with record low interest rates, consumer's buying power has never been greater. To find out what is happening in your area or with your home specifically, Call, e-mail or log on to by website for more information. Remember, all markets are different. Always consult a REALTOR! I can be reached as follows:

Daily Real Estate News | August 20, 2010 |

20 Metros That Could See Price Declines

Some 198 of the 384 markets tracked by PMI Mortgage Insurance Co. in the first quarter of this year continue to face significant risk of further price declines, the company reported Thursday.

Among the 50 most populous metros, the risk of further declines was 70 percent. These areas typically also were faced with higher unemployment and foreclosure rates, as well as excess housing supply and more volatile home prices.

The 20 riskiest markets, along with the probability of further price declines in the next two years as identified by PMI were:

1. Miami-Miami Beach-Kendall, Fla. (99.9 percent)
2. Las Vegas-Paradise, Nev. (99.9)
3. Ft. Lauderdale-Pompano-Deerfield, Fla. (99.9)
4. Riverside-San Bernardino-Ontario, Calif. (99.9)
5. Tampa-St. Petersburg-Clearwater, Fla. (99.9)
6. Orlando-Kissimmee-Sanford, Fla. (99.9)
7. Jacksonville, Fla. (99.9)
8. Los Angeles-Long Beach-Glendale, Calif. (99.9)
9. Santa Ana-Anaheim-Irvine, Calif. (99.7)
10. Phoenix-Mesa-Glendale, Ariz. (99.4)
11. San Diego-Carlsbad-San Marcos, Calif. (98.8)
12. Detroit-Livonia-Dearborn, Mich. (98.7)
13. Sacramento-Arden-Rovesville, Calif. (98)
14. Newark-Union, N.J.-Penn. (94.7)
15. Edison-New Brunswick, N.J. (94.7)
16. Providence-New Bedford-Fall River, R.I.-Mass. (93.6)
17. Oakland-Fremont-Hayward, Calif. (91.9)
18. Nassau-Suffolk, N.Y. (91.5)
19. New York-White Plains-Wayne N.Y.-N.J. (90.4)
20. San Jose-Sunnyvale-Santa Clara, Calif. (90)

Source: Inman News (08/19/2010)

Posted by Michael Droege on August 20th, 2010 10:25 AMPost a Comment (0)

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