Community Property Type Price Min Price Max Beds Baths

10 Riskiest and 10 Most Stable Real Estate Markets

January 16, 2009 by · Leave a Comment 

Nearly half of the nation’s 50 largest markets have an elevated or high probability of lower home prices in two years, according to the first quarter 2009 Economic and Real Estate Trends (ERET Report) by PMI Mortgage Insurance Co. The index shows that the risk of lower house prices two years from now increased broadly across the nation-rising in 369 of 381 MSAs (Metropolitan Statistical Areas) or 97 percent highlighting the breath of the economic and housing downturns.


“The two primary drivers of increased risk scores across a broader segment of MSAs are the continued high level of foreclosures and rising unemployment”, said David Berson, PMI’s chief economist. “These factors will put additional upward pressure on risk, with increases in affordability and lower mortgage rates providing some offset.”


Riskiest Markets


  1. Riverside-San Bernardino, Calif.
  2. Miami-Miami Beach
  3. Fort Lauderdale
  4. Los Angeles
  5. West Palm Beach-Boca Raton
  6. Las Vegas-Paradise
  7. Tampa-St. Petersburg
  8. Orlando-Kissimmee, Fla.
  9. Santa Ana-Anaheim-Irvine
  10. Jacksonville


Most Stable Markets


  1. Dallas-Plano
  2. Fort Worth
  3. Houston-Sugar
  4. Pittsburgh, Penn.
  5. San Antonio 
  6. Charlotte, N.C.
  7. Columbus, Oh.
  8. Cleveland, Oh.
  9. Indianapolis
  10. Denver


Source: PMI Mortgage Insurance Co.


The good news for Phoenix real estate and Scottsdale real estate owners is that we didn’t make the Top 10.  The bad news is that we didn’t make the Bottom 10, either!