Industry NewsMarkets & Economy

PMI: growing risk of price declines

More than 25% of metros at 'elevated' or 'high risk'
Published on Jan 15, 2009

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by CareyBot

Increasing unemployment and foreclosure rates kept home prices down without relieving pressure on balooning inventories, boosting the risk of price declines in all but a dozen of the nation's 381 metro areas within the next two years, mortgage insurer PMI Mortgage Insurance Co. said.