Or, to be more accurate, sees less risk of a further price drop …
According to Inman News:
Declining home prices boosted affordability during the second quarter, reducing the risk of price declines in 28 of the 50 largest metropolitan areas, according to an analysis by PMI Mortgage Insurance Co.
PMI said its U.S. Market Risk Index — which takes into account economic factors like home-price appreciation and volatility, affordability and employment — fell for the first time in 2 1/2 years during the second quarter.
Dropping off the list of MSAs with risk scores of 500 or higher were Miami-Miami Beach-Kendall, Fla. (466), Tampa-St. Petersburg-Clearwater, Fla. (462), Boston-Quincy, Mass. (400) and Washington, D.C.-Arlington-Alexandria, Va. (439).
Boston, by which they mean the Greater Boston Metropolitan Area, has seen price drops in four of the past five quarters.
More: Risk of house price declines falling in many areas – By Matt Carter, Inman News
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