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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top