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Houston Among Lowest Risk Markets

PMI Mortgage Insurance Company has calculated risk scores for the listed housing markets, which predict the chance of decreasing home values in the near future. The Houston housing market ranks among the lowest risk markets compared to cities nationwide. The risk scores are used for determining mortgage insurance rates.
 
Metropolitan statistical area *Risk score Annual house price appreciation
   
1st qtr 2007
(in %)
1st qtr 2006
(in %)
% change
Pittsburgh
64
2.66
5.22
-2.57
Fort Worth-Arlington, Texas
74
4.02
3.43
0.59
Dallas-Plano-Irving, Texas 
75
3.66
3.8
-0.14
Houston-Sugar Land-Baytown, Texas
79
5.93
5.52
0.41
Indianapolis-Carmel, Ind.
84
2.31
3.07
-0.76
Columbus, Ohio
93
0.97
3.61
-2.63
Cincinnati-Middletown, Ohio-Ken.-Ind.
97
2.27
3.99
-1.72
San Antonio, Texas
102
10.53
9.31
1.22
Cleveland-Elyria-Mentor, Ohio
121
-0.31
2.29
-2.6
Charlotte-Gastonia-Concord, N.C.-S.C.
125
8.47
6.06
2.41
Austin-Round Rock, Texas
136
10.94
7.63
3.32
Kansas City, Mo.-Kan.
136
2.51
4.71
-2.2
Denver-Aurora, Colo.
156
1.09
3.12
-2.03
Chicago-Naperville-Joliet, Ill. 
175
5.07
10.66
-5.59
Nashville-Davidson--Murfreesboro--Franklin, Tenn.
177
8.32
9.02
-0.69
St. Louis, Mo.-Ill.
182
4.22
7.17
-2.95
Milwaukee-Waukesha-West Allis, Wis.
189
3.42
7.83
-4.41
Atlanta-Sandy Springs-Marietta, Ga.
212
4.02
4.85
-0.83
Warren-Troy-Farmington Hills, Mich. 
236
-1.75
1.36
-3.12
Philadelphia 
237
5.63
13.72
-8.08
Detroit-Livonia-Dearborn, Mich.
284
-2.98
1.2
-4.18
Newark-Union, N.J.-Pa. 
314
3.63
13.65
-10.02
Minneapolis-St. Paul-Bloomington, Minn.-Wisc.
322
1.69
6.59
-4.9
New York-White Plains-Wayne, N.Y.-N.J. 
322
3.93
16.07
-12.15
Cambridge-Newton-Framingham, Mass. 
336
-0.5
4.41
-4.9
Seattle-Bellevue-Everett, Wash.
343
12.56
18.62
-6.06
Edison, N.J. 
362
2.21
14.97
-12.76
Portland-Vancouver-Beaverton, Ore.-Wash.
389
11
21.46
-10.46
Jacksonville, Fla.
394
7.46
21.95
-14.49
Providence-New Bedford-Fall River, R.I.-Mass.
397
0.85
9.13
-8.27
Baltimore-Towson, Md.
400
6.64
19.94
-13.3
San Francisco-San Mateo-Redwood City, Calif.
411
1.32
14.83
-13.51
Nassau-Suffolk, N.Y. 
445
2.25
12.91
-10.66
Virginia Beach-Norfolk-Newport News, Va.-N.C.
476
7.88
22.01
-14.14
San Jose-Sunnyvale-Santa Clara, Calif.
491
2.28
17.56
-15.28
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. 
500
3.65
21.67
-18.03
Boston-Quincy, Mass.
501
-1.32
5.45
-6.76
Tampa-St. Petersburg-Clearwater, Fla. 
506
5.11
26.74
-21.64
Miami-Miami Beach-Kendall, Fla. 
524
11.44
28.7
-17.26
Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla. 
542
2.68
29.38
-26.7
San Diego-Carlsbad-San Marcos, Calif.
555
-1.92
8.2
-10.12
Sacramento-Arden-Arcade-Roseville, Calif.
560
-4.41
12.98
-17.39
Orlando-Kissimmee, Fla.
563
7.94
32.52
-24.59
Oakland-Fremont-Hayward, Calif. 
572
-0.9
18.63
-19.53
Santa Ana-Anaheim-Irvine, Calif. 
577
0.85
19.85
-19.01
Los Angeles-Long Beach-Glendale, Calif.  
586
4.82
23.57
-18.76
West Palm Beach-Boca Raton-Boynton Beach, Fla. 
607
-2.16
28.12
-30.28
Las Vegas-Paradise, Nev.
614
1.69
16.08
-14.39
Phoenix-Mesa-Scottdale, Ariz.
646
4.52
37.33
-32.81
Riverside-San Bernardino-Ontario, Calif.
652
4.14
21.64
-17.49
 

NOTES: *For the first quarter 2007; **Scores show risk of home values falling in 2009 in all U.S. metropolitan statistical areas and divisions. Risk index scores are whole numbers. By moving the decimal one point to the left, they are expressed as the % chance of dropping prices. For example, Riverside has a risk score of 652 --- a 65.2% chance home values will fall in two years. Also shown: appreciation in first quarters of 2006 and 2007. Source: PMI Mortgage Insurance Co.
  Interest Rates Have Come Down in Recent Weeks.
 

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