Tuesday, May 4, 2010

Top 10 most risky, least risky real estate markets

No metro Phoenix cities on are the latest PMI Mortgage Insurance Co risk of the top 10 most risky and least risky real estate. (I don’t consider Kingman ‘metro’ Phoenix, although some might argue with me on that)

Unfortunately for the Sunshine State, 7 of the top 10 most risky markets are in Florida.

10 riskiest housing markets
1. Naples-Marco Island, Fla.
2. Lake Havasu City-Kingman, Ariz.
3. Cape Coral-Fort Myers, Fla.
4. Lakeland-Winter Haven, Fla.
5. Palm Coast, Fla.
6. Miami-Miami Beach-Kendall, Fla.
7. Port St. Lucie, Fla.
8. Riverside-San Bernardino-Ontario, Calif.
9. Las Vegas-Paradise, Nev.
10. Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.

10 least risky markets
1. Grand Forks, N.D.-Minn.
2. Fargo N.D.-Minn.
3. Killeen-Temple-Fort Hood, Texas
4. Fayetteville, N.C.
5. Iowa City, Iowa
6. Ames, Iowa
7. Cedar Rapids, Iowa
8. Morgantown, W.V.
9. Texarkana, Texas-Ark.
10. Bismark, N.D.

Still, all isn’t rosy – yet – in the metro Phoenix region. A color coded map showing risk still shows lots and lots of red in Arizona:

House Price Risk by PMI corp, May 2010 (click to enlarge)

Methodology used in the report: (click to enlarge)

House Price Risk by PMI, methodology

All graphics courtesy of PMI Mortgage Insurance Co.

House Price Risk, web location (click to enlarge) Tags: