PMI Mortgage Insurance Company, has a report out on the largest Metropolitan Areas and the expected decline in home prices the next two years.
PMI Mortgage Insurance is one of the largest Insurance Companies in the nation for insuring mortgages like FHA and VA loans.
The fall report is for the second quarter statics in 2008. It is based on the Office of the Federal Housing Enterprise Oversight (OFHEO)
You can read the entire PMI Mortgage Report here.
You can read just the Metropolitan AREA Report here.
According to this Ann Arbor is low risk for continual falling prices. That puts a smile on my face and we can only hope. I think that may be because Metro Detroit and Ann Arbor in particularly have been leading the nation and maybe we have already bottomed out.
Check out your area and see what the static’s show for your city, you can leave it in your comments below.
Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
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