Wednesday, July 8, 2009

Nashville: Most affordable and stable market in the country?

From Thomas Wood, business writer at Nashville Post: Among large metro areas, Nashville has one of the most stable housing markets in the country. That’s the word from PMI Mortgage Insurance Co., which has just put out its latest quarterly Economic and Real Estate Trends Report.

The report goes on to explain national woes "Florida, California, Nevada and Arizona continue to have the highest risk scores - 36 of the most risky MSAs are located in these four states - but an increased risk of lower future prices is now spreading across all regions of the nation, due to the significant increases in unemployment and foreclosure rates."

Report available here.

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