Wednesday, July 13, 2005

San Francisco Is Rated One of the Riskiest RE Markets in the Country

You wouldn't know it by looking at the place, but San Francisco is rated as having one of the riskiest real estate markets in the country according to 'Kiplinger's Personal Finance Magazine'.
"Boston, Los Angeles and San Francisco are the riskiest housing markets in the country, with high probabilities of declines in housing prices over the next two years, according to a list based on the PMI Risk Index."

Soaring prices and a new generation of inexperienced real estate investors were cited by Kiplinger's as reasons for concerns about a possible bursting of the real estate bubble." [Emphasis is mine.]

The median home price in San Francisco is the highest in the nation, beating even New York, and PMI predicted a 40 percent chance of falling property values there over the next two years."
Keep in mind that this is an extremely conservative opinion.

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