Central Ohio ranked as the nation’s third most stable market in a recent study announced by PMI Mortgage Insurance Corporation, a California-based provider of residential mortgage insurance and credit enhancement products to expand homeownership.
While the study found that as many as 98 percent of the nation’s 381 metropolitan statistical areas have a risk of losing value through the end of 2010, it noted that 212 of them had minimal-to-low-risk of value loss.
The 10 most stable MSAs in terms of price depreciation (with No. 1 being the most stable) are:
Columbus is nation's third most stable market (art by svilen mushkatov)
- Pittsburgh, PA
- Cleveland-Elyria-Mentor, OH
- Columbus, OH (includes Delaware County)
- Dallas-Plano-Irving, TX
- Fort Worth-Arlington, TX
- Houston-Sugar Land-Baytown, TX
- Memphis, TN-MS-AR
- San Antonio, TX
- Charlotte-Gastonia-Concord, NC-SC
- Indianapolis-Carmel, IN
By comparison the 10 riskiest are
- Miami-Miami Beach-Kendall, FL
- Riverside-San Bernardino-Ontario, CA
- Ft. Lauderdale-Pompano Beach-Deerfield Beach, FLÂ
- Los Angeles-Long Beach-Glendale, CA
- Las Vegas-Paradise, NV
- Tampa-St. Petersburg-Clearwater, FL
- Orlando-Kissimmee, FL
- Santa Ana-Anaheim-Irvine, CA
- Jacksonville, FL
- Phoenix-Mesa-Scottsdale, AZ
To view PMI’s Economic and Real Estate Trends (ERET) report for Q1 2009, as well as the company’s market data for all 381 U.S. MSAs, click here.
Information in this article was found via DSNews.com
This article was the basis of my first story on http://www.huliq.com.
http://www.huliq.com/1/79362/worst-ohios-housing-market%E2%80%99s-downturn-over
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