Industry News

Risk of house-price declines falling in many areas

Drop in PMI risk index does not indicate market has hit bottom
Published on Oct 9, 2007

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by CareyBot

Declining home prices boosted affordability during the second quarter, reducing the risk of price declines in 28 of the 50 largest metropolitan areas, according to an analysis by PMI Mortgage Insurance Co. PMI said its U.S. Market Risk Index — ...