Columbus on bottom of list

by Maureen McCabe on January 27, 2008

The bottom of the list is a great place to be in this case.

The third quarter 2007 report from the PMI Institute (private mortgage insurance) about  risk by US market is out… It’s a PDF.  PMI 3rd Quarter 2007 ’What’s a Normal Housing Market?’  Page 7 and page 11 are my favorites.Page 11 map is a great graphic.  California, Las Vegas, parts of Florida are  red hot with risk for declining prices.  Not so much the markets on the bottom of the table on page 7 pf the PMI report:

1.  Fort Worth – Arlington TX
2.  Dallas, Plano, Irving TX
3.  Pittsburgh PA
4.  Houston, Sugarland-Baytown TX
5.  San Antonio TX
6.  Indianapolis – Carmel IN
7.  Cincinnati – Middletown OH, KY, IN
8.  Columbus OH
9.  Austin Roundrock TX
10. Kansas City MO KS

Harley E. Rouda Jr. president of Real Living (Real Living is in lots of markets across the US but is based in Columbus Ohio)  forwarded the news to Real Living associates yesterday with a note:

“Dan Riley in Cleveland shared this information with me that is very interesting. Basically, you can look at the top metro markets in the U.S. and see the probability of average home price decreases over the next 2 years; Affordability Index; as well as other information. In many markets, the media hype predicting home price declines is just not based on the facts.”

Thanks Harley Rouda Jr.  Thanks Dan Riley from Cleveland….

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