As Home Prices Rise, So Does Buyer Risk

USA TODAY reports that several markets in the U.S. are facing a higher risk of home price declines according to a study released by PMI Mortgage Insurance. The key findings of the report state that the risk of price declines has increased in 36 of the nations 50 largest housing markets. The number of markets with a 50% plus chance of a price drop jumped from 2 to 6. There is a 21.3% chance for a nationwide house-price drop. The highest risk areas remain on the coastal areas and in California.

The article has a list of all the cities with their corresponding risk. It shows that Phoenix has a 9.2% risk factor for a housing price drop. More...