The above map depicts the geographic distribution of house price risk for all 384 MSAs. Each MSA is assigned a risk rank and corresponding color. Among the 50 largest MSAs, Miami-Miami Beach-Kendall, FL ranks the highest on the index, with nearly a 100 percent chance that home prices will be lower in two years. At the other end of the risk spectrum lies a group of MSAs, largely located in the central and southern parts of the nation, whose risk scores are moderate to low.

There has been so much good news going on in the real estate market I hate being the bearer of bad news. This map was pulled out of the latest PMI Insurance report and it shows that the Long Island real estate market is going to experience additional decreases in home values.

I have been following this quarterly report for years and I have found it to have very accurate forecasts. Lets hope it is wrong this time.

If you would like to view the whole report follow the link below.

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