D-FW still ranks among most stable home-price markets AM CT
Dallas-Fort Worth continues to rate as one of the most stable markets in the country for home values. A new study released Monday by home mortgage insurer PMI Group predicts there is less than an 8 percent chance D-FW area prices will fall during the next two years. That’s an even better rating than PMI Group gave the D-FW area in its spring home price risk assessment. The San Francisco-based mortgage insurance company analyzes housing price trends in 50 U.S. metropolitan areas.
Although major Texas cities in the report were considered among the least likely in the country to see home price declines, California, Nevada and Florida housing markets got red flags. Riverside, Calif., Phoenix, Las Vegas and West Palm Beach, Fla. are considered the most high-risk markets, with a 60 percent of greater chance of falling home prices during the next two years.
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- Published:
- 10.9.07 / 8am
- Category:
- Home mortgage
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