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Top 20 metros at risk of price declines

PMI report shows less risk in 75% of markets in Q1
Published on Aug 19, 2010

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by CareyBot

The risk of price declines in the next two years declined during the first quarter in 75 percent of 384 markets tracked by PMI Mortgage Insurance Co., including 40 of the 50 nation's most populous metro areas.

PMI's latest Economic and Real Estate Trends report found that despite the improvements in many markets, slightly more than half of all metros tracked -- 198 -- still faced an elevated or high risk of price declines.

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