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Orlando Real Estate: One of the Riskiest Markets

October 7th, 2008 · 1 Comment

The PMI Group just released a study identifying the real estate markets most likely to see price declines in the next two years and Orlando-Kissimmee was close to the top of the list with a 99.4% chance for a decline.

Top 10 Riskiest Home Markets For Fall, 2008

Fort Lauderdale-Pompano Beach-Deerfield Beach; FL A 99.5
Riverside-San Bernardino-Ontario; CA 99.5
Orlando-Kissimmee; FL 99.4
Miami-Miami Beach-Kendall; FL 99.3
Tampa-St. Petersburg-Clearwater; FL 99.0
Las Vegas-Paradise; NV 98.5
Los Angeles-Long Beach-Glendale; CA 98.5
Santa Ana-Anaheim-Irvine; CA 97.7
Jacksonville; FL 97.5
Phoenix-Mesa-Scottsdale; AZ 96.3

The number at the end is the percentage chance that homes prices will be lower in 2 years

download pdf: PMI Study of House Price Risk for 2008

Tags: Market Forecast

1 response so far ↓

  • 1 Property Developments // Oct 8, 2008 at 12:39 am

    Scary to to Las Vegas in there, it was the hottest thing going not that long ago! Hang in there people.