Sunday, November 26, 2006

Arlington one of the safest markets to buy a home!

We have one of the safest markets to puchase a home in according to the PMI Group. These communities the private mortgage industry thinks will show the safest places to buy without fear of a loss of value.

Pittsburgh, 6.1 percent
Indianapolis-Carmel, Ind., 6.3 percent
Memphis, Tenn.-Miss.-Ark., 6.8 percent
Cincinnati-Middletown, Ohio-Ky.-Ind., 7.2 percent
Cleveland-Elyria-Mentor, Ohio, 7.4 percent
Columbus, Ohio, 7.4 percent
Fort Worth-Arlington, Texas (MSAD), 7.6 percent
San Antonio, Texas, 7.8 percent
Nashville-Davidson-Murfreesboro, Tenn., 8.6 percent
Houston-Sugar Land-Baytown, Texas, 8.8 percent

The percentage is the probability determined by the PMI Institute that housing prices in that market sector will go down 10 percent or more in the next two years. Pittsburghs chance of losing 10 percent is 6.1 percent making the city the safest investment according to the PMI Group.

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