Katrina Williams' Snohomish Real Estate Blog
Wednesday, June 28, 2006

Housing Market ....Risky Business???

In response to the surprising input that we recieved on our recent "Housing Bubble" entry. We, dedicated to serving you, with the most up to date information on real estate, found this article written in USA Today....

"Housing market: Risky business?
As housing prices rise at a record-setting pace, the risk of a price decline in hot markets is rising. The chance of a price decline in the next two years for the 50 largest housing markets in the U.S., according to PMI Mortgage Insurance:

Rank City Risk index

1- San Diego-Carlsbad-San Marcos, Calif.-59.9%
2- Nassau-Suffolk, N.Y.-58.9%
3- Boston-Quincy, Mass.-58.8%
4- Santa Ana-Anaheim-Irvine, Calif. -58.8%
5- Sacramento-Arden-Arcade-Roseville, Calif.-58.5%
6- Riverside-San Bernardino-Ontario, Calif. -58.3%
7- Oakland-Fremont-Hayward, Calif. -58.2%
8- Los Angeles-Long Beach-Glendale, Calif.-57.5%
9- Providence-New Bedford-Fall River, R.I.-Mass.-56.8%
10- San Francisco-San Mateo-Redwood City, Calif.-56.0%
11- San Jose-Sunnyvale-Santa Clara, Calif.-55.9%
12- Cambridge-Newton-Framingham, Mass.-53.7%
13- Edison, N.J.-53.6%
14- New York-Wayne-White Plains, N.Y.-N.J.-49.8%
15- Las Vegas-Paradise, Nev. -48.1%
16- Newark-Union, N.J.-Pa.-45.9%
17- Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.-44.1%
18- Washington -Arlington-Alexandria, DC-Va.-Md.-43.1%
19- Miami-Miami Beach-Kendall, Fla.-35.9%
20- Minneapolis-St. Paul-Bloomington, Minn.-Wis. -35.5%
21- Detroit-Livonia-Dearborn, Mich.-33.7%
22- Baltimore-Towson, Md.-30.7%
23- Tampa-St. Petersburg-Clearwater, Fla.-29.4%
24- Virginia Beach-Norfolk-Newport News, Va.-N.C.-18.4%
25- Warren-Farmington Hills-Troy, Mich. -17.9%
26- Orlando-Kissimmee, Fla. -17.5%
27- Phoenix-Mesa-Scottsdale, Ariz. -16.5%
28- Atlanta-Sandy Springs-Marietta, Ga. -15.3%
29- Denver-Aurora, Col.-13.0%
30- Philadelphia, Pa.-12.7%
31- Chicago-Naperville-Joliet, Ill.-11.2%
32- St. Louis, Mo.-Ill.-10.9%
33- Seattle-Bellevue-Everett, Wash.-10.8%
34- Portland-Vancouver-Beaverton, Ore.-Wash.-10.8%
35- Milwaukee-Waukesha-West Allis, Wis. -10.1%
36- Kansas City, Mo.-Kan.-9.3%
37- Austin-Round Rock-Texas -8.7%
38- Charlotte-Gastonia-Concord, N.C.-S.C.-8.3%
39- Houston-Baytown-Sugar Land, Texas-8.0%
40- Dallas-Plano-Irving, Texas -7.1%
41- Nashville-Davidson-Murfreesboro, Tenn. -6.9%
42- Fort Worth-Arlington, Texas -6.8%
43- Cleveland-Elyria-Mentor, Ohio -6.5%
44- Columbus, Ohio-6.5%
45- San Antonio, Texas-6.4%
46- Cincinnati-Middletown, Ohio-Ky.-Ind.-6.1%
47- Memphis, Tenn.-5.8%
48- Indianapolis, Ind.-5.7%
49- Pittsburgh, Pa. -5.7%
50- New Orleans-Metairie-Kenner, LA.-NA1

In response to this article, Katrina said..."It comes as little surprise to me that our area is ranked so well."

With builders in our area building at a responsible rate and "the market" being as strong as it is, we at SnohomishCountyHomeFinder.com are very pleased to part of our community.

If you have any questions/comments, please, feel free to email or call!

# posted by Katrina Williams @ 5:48 PM


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