Mortgage insurer IDs weak markets

Thirty of the nation's 50 biggest metro areas have a greater than even chance of seeing lower house prices by the end of March 2011, according to an analysis by mortgage insurer PMI Group Inc.

PMI's market risk index -- which is based on price-appreciation trends, affordability, unemployment, interest rates and local economic conditions -- projects that 46.7 percent of 381 metropolitan statistical areas (MSAs) are at risk of price declines in the next two years.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.