A study by PMI Mortgage Insurance Co. put Texas cities in it’s lowest risk categories when determining the probablility of real estate price deflation over the next two years.
Dallas, Fort Worth, Houston, and San Antonio received the 3rd, 4th, 5th, and 7th lowest scores on the PMI Risk Index of the largest US cites; each with a “Minimal” risk rating. Austin/Round Rock received the 16th lowest score with a “Low” risk rating. The only factor contributing to a less-than-perfect score for Austin/Round Rock was “affordability.”
States with the highest risk? You guessed it: California, Florida, Nevada, and Arizona.
Read the entire report here.