Jeff Ostrowski
Alexandra Clough
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Florida housing market still faces high risk of falling prices, mortgage insurer says
Every housing market in Florida faces a “high” risk of further price declines, mortgage insurer PMI says.
Broward County leads the nation’s 50 largest metro areas with a 99.5 percent chance that home prices will be lower in two years. Orlando, Miami and Tampa also have 99 percent chances of falling home prices.
Palm Beach County isn’t in the top 50 markets, but PMI says it and every other urban county in the state face a 60 percent or higher chance of falling prices. The high-risk counties are in red below:
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Comments
By Get in the Game
October 3, 2008 8:06 AM | Link to this
Again, business cycles for a reason.
Irrational on the way up = irrational on the way down.
By kim
October 3, 2008 11:09 PM | Link to this
I can’t understand why the palm beach post employs this person—jeff ostowski. He is so negative, he has a self fulfilling prphecy. I’m going to stop buying the post—It is too depressing to read this negative stuff.
By kim
October 3, 2008 11:10 PM | Link to this
I can’t understand why the palm beach post employs this person—jeff ostowski. He is so negative, he has a self fulfilling prphecy. I’m going to stop buying the post—It is too depressing to read this negative stuff.
By kim
October 3, 2008 11:10 PM | Link to this
I can’t understand why the palm beach post employs this person—jeff ostowski. He is so negative, he has a self fulfilling prphecy. I’m going to stop buying the post—It is too depressing to read this negative stuff.
By kim
October 3, 2008 11:10 PM | Link to this
I can’t understand why the palm beach post employs this person—jeff ostowski. He is so negative, he has a self fulfilling prphecy. I’m going to stop buying the post—It is too depressing to read this negative stuff.
By Ellen
October 6, 2008 10:00 AM | Link to this
I am all for a “bail out” that will help people who strugle everyday. What about the people who have lost their homes to fireclosure alrady and their credit is shot. Does this help them?? The housing market is just the tip of the iceburg. I for one would like to take advantage of this housing situation but my credit is shot, Where do I go from here?
By withheld
October 6, 2008 10:01 AM | Link to this
I am all for a “bail out” that will help people who strugle everyday. What about the people who have lost their homes to fireclosure alrady and their credit is shot. Does this help them?? The housing market is just the tip of the iceburg. I for one would like to take advantage of this housing situation but my credit is shot, Where do I go from here?
By Mike
October 7, 2008 10:36 AM | Link to this
It’s not about being to depressing about housing news. If you look back and analyze, the bad new has consistently exceeded anybody’s best guess. Analyst tends to underestimate how bad things are when things are going down, and the same things happen when things are going up. Too many homes for sale and not enough qualified buyers, of course things look grim. Prices either have to say at this level for vary long time or move down further before going up. One major factor is foreclosures, can people stay in their homes. So far greedy banks rather foreclose homes and get the house off their books quickly than help people to stay in their homes. Light at the end of the tunnel will appear when foreclosure rates drop.
After about too years credit will easy and bad credit will not look as bad anymore. So we have to just hand in there save as much as possible and spend less.