The PMI Risk Index people say that there’s a 53% chance that Boston housing prices will go down within the next two years. Wait, does that mean there’s a 47% chance prices will go up?
That’s better odds than in Roulette!
Boston, Los Angeles and San Francisco are the riskiest housing markets in the country, with high probabilities of declines in housing prices over the next two years, according to a list based on the PMI Risk Index.
The list considered job growth, population, median income and affordability in identifying the 13 riskiest real estate markets. It was published in the August Kiplinger’s Personal Finance Magazine and was based on the PMI Risk Index.
Complet article: Riskiest real estate markets in U.S. pinpointed