Sacramento One Of Fifteen Markets With 99.9% Risk Of Decline
[caption id="attachment_128" align="alignright" width="193" caption="Sacramento one of 15 Real Estate Markets With 99.9% Risk Decline Through 2011"][/caption] Mortgage Insurer PMI Group said in its quarterly Economic and Real Estate Trends (ERET) report (see US Market Risk Index ) that the Sacramento—Arden-Arcade—Roseville CA real estate market has a 99.9% chance of lower home prices through March 31, 2011. The 15 Real Estate Markets with the highest probability of lower prices in 2011 each have a 99 percent chance, PMI said. They include Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa and Jacksonville in Florida; Riverside, Los Angeles, Santa Ana, Sacramento and San Diego in California; Las Vegas; Phoenix; Providence, Rhode Island; and Detroit. “The housing market has been hit by a demand shock of...
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