California, Florida at highest risk for home-price drops Premium Content

Index targets housing markets with low affordability

Inman News®

Cities in California and Florida dominate a list of areas where a private mortgage insurer expects home prices are the most likely to decline in the next two years.

Eleven of the 15 metropolitan statistical areas (MSAs) facing a 50 percent or greater chance of a price decline are in those two states, according to PMI Mortgage Insurance Co.'s latest Market Risk Index.

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