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Charlotte cited for home-price stability

Written by: PMI Mortgage Insurance
05/20/2009

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The Charlotte-Gastonia-Concord metropolitan area ranks ninth for housing-price stability in the 50 largest metropolitan statistical areas in the United States, according to PMI Mortgage Insurance Co.’s First Quarter 2009 Economic and Real Estate Trends Report.

The index ranks the nation’s 50 largest metropolitan statistical areas according to the likelihood that home prices will be lower in two years. It uses home price appreciation, employment, affordability, excess housing supply, interest rates, and foreclosure activity to determine these probabilities. The Miami area had the highest risk, followed Riverside-San Bernardino-Ontario, Calif, and Fort Lauderdale-Pompano Beach-Deerfield Beach; Fla.

The most stable market was Pittsburgh, followed by Cleveland-Elyria-Mentor, Ohio.

http://charlotte.bizjournals.com/charlotte/stories/2009/03/30/daily40.html