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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Boston Market May See Decline This Year - PMI Mortgage Insurance Co
Posted on 01/25/2007 11:24 AM | Link | Post Comment
PMI Mortgage Insurance Co. reports that its Market Risk Index scores have increased for 34 of the nation’s 50 largest metropolitan statistical areas.
The scores measure the risk that home prices will decline in the next two years. Nineteen MSAs face a greater than 50 percent chance that home prices will fall, up from 18 last quarter.
The 10 markets with the highest risk of declining prices include Boston-Quincy, Mass., at 8, and Providence-New Bedford-Fall River, R.I.-Mass., at 9.
My take: prices aren't going to go down within the city of Boston, they will stay about where they are now, for this year and next.
Source: 10 Markets at Highest Risk for Declining Prices - Realtor.org
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