PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. (NYSE:PMI), today released its Spring 2008 U.S. Market Risk IndexSM, which ranks the nation’s 50 largest metropolitan statistical areas (MSAs) according to the likelihood that home prices will be lower in two years. The U.S. Market Risk Index shows risk is beginning to mitigate in some areas of the country while it continues to increase in others. Risk continues to increase in states where price growth dramatically exceeded historical norms and began to decline in areas where prices grew at a sustainable rate.
The Puget Sound Region was placed in the lowest risk group, given only a 4% chance that Puget Sound home values would drop in this area over the next two years. This is terrific news for Pierce County home buyers and sellers. Read the rest of this entry »
Posted by marzanoteam 
