Wednesday, April 05, 2006

PMI on Sacramento: 58% Risk of Home Price Declines

PMI Mortgage Insurance Co. released the results of their latest risk study:

"Fourteen of the top 50 MSAs now have risk scores above 500, meaning they face a 50 percent or greater risk of home price declines in the next two years, up from 11 MSAs last quarter."

  1. San Diego-Carlsbad-San Marcos, CA (598)
  2. Santa Ana-Anaheim-Irvine, CA (589)
  3. Boston-Quincy, MA (588)
  4. Nassau-Suffolk, NY (586)
  5. Riverside-San Bernardino-Ontario, CA (579)
  6. Sacramento-Arden-Arcade-Roseville, CA (577)
"There are now eight areas with Affordability Index scores below the vulnerability threshold of 70: San Diego, Santa Ana, Riverside, Sacramento, Oakland, and Los Angeles, CA, and Fort Lauderdale and Miami, FL."

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