Indianapolis Ranked within 10 Most Stable Real Estate Markets
Friday, January 16, 2009
| 10 riskiest and 10 most stable real estate markets |
| Nearly half of the nation's 50 largest markets have an elevated or high probability of lower home prices in two years, according to the first quarter 2009 Economic and Real Estate Trends (ERET Report) by PMI Mortgage Insurance Co. The index shows that the risk of lower house prices two years from now increased broadly across the nation-rising in 369 of 381 MSAs (Metropolitan Statistical Areas) or 97 percent highlighting the breath of the economic and housing downturns. "The two primary drivers of increased risk scores across a broader segment of MSAs are the continued high level of foreclosures and rising unemployment", said David Berson, PMI's chief economist. "These factors will put additional upward pressure on risk, with increases in affordability and lower mortgage rates providing some offset." Riskiest Markets
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