Home Values To Remain High

The Arizona Republic reports that a study by PMI Mortgage Insurance Co. shows that the metro Phoenix and Scottsdale housing market has only a 9.2% risk of having a price decline in its housing.

That ranks the area 34th among the top 50 metropolitan areas. The risk factor is based on home prices, employment and affordability. The risk of housing price declines went up in 36 of the nations largest housing markets, and is more than 50% in six markets; Boston, Long Island, San Diego, San Jose, Anaheim and Oakland. More...