No metro Phoenix cities on are the latest PMI Mortgage Insurance Co risk of the top 10 most risky and least risky real estate. (I don’t consider Kingman ‘metro’ Phoenix, although some might argue with me on that)
Unfortunately for the Sunshine State, 7 of the top 10 most risky markets are in Florida.
10 riskiest housing markets
1. Naples-Marco Island, Fla.
2. Lake Havasu City-Kingman, Ariz.
3. Cape Coral-Fort Myers, Fla.
4. Lakeland-Winter Haven, Fla.
5. Palm Coast, Fla.
6. Miami-Miami Beach-Kendall, Fla.
7. Port St. Lucie, Fla.
8. Riverside-San Bernardino-Ontario, Calif.
9. Las Vegas-Paradise, Nev.
10. Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.
10 least risky markets
1. Grand Forks, N.D.-Minn.
2. Fargo N.D.-Minn.
3. Killeen-Temple-Fort Hood, Texas
4. Fayetteville, N.C.
5. Iowa City, Iowa
6. Ames, Iowa
7. Cedar Rapids, Iowa
8. Morgantown, W.V.
9. Texarkana, Texas-Ark.
10. Bismark, N.D.
Still, all isn’t rosy – yet – in the metro Phoenix region. A color coded map showing risk still shows lots and lots of red in Arizona:
(click to enlarge)Methodology used in the report: (click to enlarge)
All graphics courtesy of PMI Mortgage Insurance Co.
(click to enlarge)del.icio.us Tags: Phoenix Real Estate
