More Falling Prices?
According to the PMI Mortgage Insurance Co., nineteen metropolitan statistical areas face the greatest risk of declining prices. Of the following ten riskest markets, eight of them are located in California:-
1. Sacramento-Arden-Arcade-Roseville, CA.
2. San Diego-Carlsbad- San Marcos, CA.
3. Oakland-Fremont-San Marcos, CA.
4. Santa Ana-Anaheim-Irvine, CA.
5. Nassau-Suffolk, N.Y.
6. Riverside-San Bernardino-Ontario, CA.
7. Los Angeles-Long Beach-Glendale, CA.f.
8. Boston-Quincy, Mass.
9. Providence-New Bedford-Fall River, R.I.-Mass.
10. San Jose-Sunnyvale-Santa Clara, CA.
Is San Luis Obispo County facing the same risk? More to come in my next blog.