AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Index Finds the Risk of Home Price Declines Has Spread.
Walnut Creek, CA -- The Northeast and California again top the list of areas with the greatest risk of widespread home price declines, according to PMI Mortgage Insurance Co. And nationally, the risk of widespread price declines in the nation's 50 largest housing markets increased slightly in the spring compared to the winter quarter, according to PMI.
In general, PMI said that coastal markets crowd the top of its index of markets with the highest risk of a price decline.
The PMI risk index represents PMI's view of the probability of a regional decline in home prices in the nation's 50 largest metropolitan statistical areas over the next two years.
Fourteen of the 15 metropolitan areas with the greatest risk are in either the Northeast or in California.
"The latest PMI Risk Index numbers reveal that most of the increase in house-price risk is concentrated in certain markets, caused by regional weakening in affordability. Local house price appreciation, in many cases in the double digits, has outpaced local income growth," said Mark Milner, chief risk officer with PMI Mortgage Insurance, in a company news release.
PMI said the latest index reveals "stratification," with the risk of a price decline increasing in the highest risk areas and decreasing in low-risk areas.
Of the 50 largest markets, nine have a greater than 40% chance of seeing a price decline, according to PMI's index. In 20 of the lower risk markets, the risk of a decline is lower than 10%.
- PMI: Home Price Decline Less Likely: The winter outlook was better than the...
- Magazine article from: Origination News April 1, 2005 700+ words
WALNUT CREEK, CA -- There was a decrease in the probability of an overall house price decline when compared with the index for autumn...16.1% probability of an overall house price decline, as measured within the next two years...
- PMI Foresees Single-Family Housing Market Remaining Stable as Economy Recovers;...
- Press release article from: Business Wire June 17, 2002 700+ words
...including Austin-San Marcos, San Jose, CA, Portland-Vancouver, OR-WA, Denver, CO, San Francisco, CA, Salt Lake City-Ogden, UT, Seattle...Everett, WA, Phoenix, AZ and Oakland, CA were graded relatively "high risk." Generally...
- The Steep DRAM Price Decline, When Will It Stop? Forecasting Firm Offers...
- Press release article from: Business Wire February 22, 2000 700+ words
...so far, the common public consensus for a change in direction of prices. Advanced Forecasting Inc. (AFI), a Cupertino, CA-based, semiconductor forecasting firm, is responding to the needs of both memory vendors and procurement staff for more specific...
- Embarcadero Technologies Comments On Tuesday's Stock Price Decline.
- Press release article from: Business Wire November 28, 2000 700+ words
...products to design, develop and administer their mission-critical database applications. Embarcadero is based in San Francisco, CA. For more information, call 415/834-3131 or visit http://www.embarcadero.com. Forward Looking Statements The statements...
- Penn Octane Corporation States No Fundamental Corporate Reason for Stock Price...
- Press release article from: Business Wire September 23, 1998 700+ words
...point for delivery to Mexico. In addition, the Company owns and operates PennWilson CNG, Inc., located in Santa Fe Springs, CA, a leader in compressed natural gas station design, engineering, manufacturing and safety. For more information on Penn Octane...
- PLC SYSTEMS STATES THAT THE COMPANY KNOWS OF NO REASON FOR RECENT STOCK PRICE...
- Press release article from: PR Newswire May 3, 1996 700+ words
...standing room only crowd of approximately 2,000 surgeons and scientists at the Annual Meeting of Thoracic Surgeons in San Diego, CA. The long-term results demonstrated a decrease of two or more angina classes in 80% of the patients treated as well as a significant...
- Report: Home price decline unlikely.
- Newspaper article from: Dallas Morning News (Dallas, TX) June 27, 2006 700+ words
...getting less and less likely that Dallas will see a home price decline. That's what the folks at PMI Group - one of the country...insurance firms - are predicting in their latest report on home price decline risks. The California-based insurance company tracks home...
- OFHEO notes accelerating Q1 home-price decline.(Briefing Book)(Office of...
- Magazine article from: Mortgage Banking July 1, 2008 700+ words
...the fourth quarter of 2007. This decline exceeded the 1.4 percent price decline between the third and fourth quarters of 2007, and is the largest quarterly price decline on record. Over the past year, prices fell 3.1 percent between the...
