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."