Nov 8, 2008

We're Number One!

The forecast for Dallas/Ft.Worth residential real estate is the best in the country according to me and the The PMI Group (residential mortgage insurers with a research staff a lot bigger than mine). Their Fall 2008 U.S. Market Risk Index shows the risk of future home price declines or increases and they rank the nation's 50 largest metropolitan statistical areas according to the likelihood that home prices will be higher or lower in two years.

The areas with the lowest risk of price declines -- less than one percent -- are in Fort Worth-Arlington, Dallas-Plano-Irving, Houston-Sugar Land-Baytown and Pittsburgh, PA. But who wants to live in Pittsburgh?

The highest risk of future price declines remains in Florida and California. You face a 99%+ likelihood of seeing your home value fall if you've got property in Fort Lauderdale, Pompano Beach, Deerfield Beach, Orlando, Kissimmee, Miami, Miami Beach, Kendall, Tampa, St. Petersberg or Clearwater, Florida or the Riverside-San Bernardino area of California.

Real Estate is a limited commodity that over time will always increase. Its not like they can make any more of it (except if you're in near the Persian Gulf). You just have to live long enough to see the profit. [where: 75230]

1 comment:

The Pittsburgh Rare | Pittsburgh Real Estate Blog said...

We love Pittsburgh! You can check out our blog to see why it's so great.