Danger signNow that I have your attention let me recommend a real estate blog I really like The Real Estate Bloggers. The Real Estate Bloggers has a list of the  10 Riskiest Housing Markets Fall 2006 on their blog.  This list comes from the PMI Institute.  

The good news, Columbus is on the list the Real Estate Bloggers  shared the next day:

10 Safest Housing Markets Fall 2006.

Wonder which headline caught more eyes? 

The list of SAFEST housing markets NOW includes:

  1. Pittsburgh Pa.
  2. Indianapolis-Carmel, Ind
  3. Memphis, Tenn.-Miss.-Ark
  4. Cincinnati-Middletown, Ohio-Ky.-Ind.
  5. Cleveland-Elyria-Mentor, Ohio
  6. Columbus, Ohio 
  7. Fort Worth-Arlington, Texas (MSAD)
  8. San Antonio, Texas
  9. Nashville-Davidson-Murfreesboro, Tenn.
  10. Houston-Sugar Land-Baytown, Texas

 

Buy in Central Ohio NOW....

 

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36 Comments on Top 10 Riskiest Housing Markets - Fall 2006!

NOV
12
2006
138,060 Points 15 Featured Posts Localism Sponsor

Good Morning Maureen-

I'd love to see the other list, but the link doesn't seem to be working - could you double-check it and send it to me?

Thanks!

5:52am • #1
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Give it another try, it works fine for me.  Did when I previewed and has three times now.

If you continue to have trouble the long, hairy,  ugly link is:

http://www.therealestatebloggers.com/2006/11/08/10-riskiest-housing-markets-fall-2006/

Or just go the http://www.therealestatebloggers.com and go through the archive.  It was posted November 8.

5:55am • #2
138,060 Points 15 Featured Posts Localism Sponsor
Thanks - must have been a problem on my end.
5:59am • #3
279,442 Points 42 Featured Posts Localism Sponsor Outside Blog
Glad to See Orlando did not make "the list" !
6:07am • #4
131,334 Points 14 Featured Posts Outside Blog

Thanks Maureen,

                           It seems the boom markets of the ealy 2000's are softening and the markets you listed as safe didn't see the boom that the riskier markets did in price appreciation.

I wonder how the safe markets are doing in relation to inventory levles? 

Thanks for sharing.

Jay 

6:10am • #5
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Allison: I have not seen the whole list have you? I wonder where Florida markets are on the list. And Michigan, MN, IL, lots of places... Caron Mosey has a blog on her Active Rain blog about Michigan not being on the list.

Jay:  My Market has lots of inventory..  had lots a year ago... more now.  That graph is only through September 2006, I will post October on my blog in a few days.  That is our whole MLS, so it includes rural areas...  My September Franklin County graph is broke... I should fix it.  

7:50am • #6
190,014 Points 18 Featured Posts Outside Blog

Maureen,

Interesting articles. Thanks for pointing them out. I see Providence, RI on the risky market list:(

8:25am • #7
367,454 Points 110 Featured Posts Outside Blog

Thanks for bringing this to our attention, this is good real estate blogging fodder.  I am pleased to see Denver or any other Colorado city absent from the risky list.  (sorry to those of you who are included).

 

8:33am • #8
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Karen: May I call you KH? I am sorry Providence is there, on that list. 

KK: Isn't it funny how everyone looks at that list? The 10 Riskiest House Markets List?  Do they look for their city first on the 10 Safest House Markets List?  Caron Mosey did a blog on this too... she saw it on Real Estate Bloggers too...Caron just did the 10 Riskiest Housing Markets.  Someone oughta research the whole list with MI, CO, MN, IL, FL  etc. to see where they allstand statistically.  Yahoo!!!  Columbus Ohio is 6th safest in the US!!!  Cleveland, Cinci at 5 and 4 (I would have thought we'd be safer than either of them... what do I know?)

8:41am • #9
123,570 Points 24 Featured Posts Outside Blog

Do these rankings have an effect on sales? I know various publications rate “quality of life” of various metro areas, the best & worst colleges, among a whole range of “bests and worsts.” These rankings never mean much to me—but still I wonder what impact they actually have.

 

Jay Merton

8:58am • #10
185,826 Points 68 Featured Posts Outside Blog

Maureen...

At first glance... when I scanned your blog headline and then scanned the posted list I thought the list WAS for the 10 WORST! (Visual disconnect.)

Hmmm... you might want to do some blog grooming.

Me

9:15am • #11
190,014 Points 18 Featured Posts Outside Blog

MM,

Yes you can call me KH if you like. I did look at all the lists, besides that list!   The funny thing is that Providence has already gone through a risky time, which is probably why banks are still charging the high PMI, however, Providence, lately has started to Revitalize as more investors have come in and rehabbed old buildings. I am not worried. Providence will prevail in the end.:)

9:18am • #12
110,135 Points 26 Featured Posts Localism Sponsor Outside Blog

You almost made my heart stop! Then I realized Cleveland was there for the safe list! Phew! Great way to grab attention, I commend you. 

BTW, we decided a new Ohio campaign needs to say Not The Rust Belt, The Water Belt, since our region doesn't have the same water supply issues other more popular regions do? Just a thought! Safe and full of water! :-)

9:39am • #13
237,616 Points 56 Featured Posts Localism Sponsor Outside Blog
Maureen, Didn't like the results posted. I still stand firm that it is an excellent time for buyers to purchase in the Sacramento area...many good deals are out there and in my estimation, if you are a buyer and still on the fence, you may just wait too long and fall off.
10:02am • #14
402,225 Points 179 Featured Posts Localism Sponsor Outside Blog

Whew! Our area is safe!

Maureen, this is perhaps one of the best posts I have come across lately. Short, sweet, informative, effective. It contains all of the right elements and accomplishes everything you want a good post to do. Great Job!

11:32am • #15
258,724 Points 77 Featured Posts Localism Sponsor Outside Blog
I was so scared to click through to that risky list... I mean really scared.  I've got to head over my other blog to blog about your blog.
12:44pm • #16
8 Featured Posts

Maureen,

Columbus is safe?  Are you kidding me?  I wouldn't even consider Columbus until after the "Collision in Columbus".  The whole town may get torn up next weekend, either way.

1:00pm • #17
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

MF:  Caron Mosey blogged about it too..  Hooray Michigan!  Just about the 10 Riskiest, that your state is not on it...It was hard for me to comment on Hooray Michigan with this being "Beat Michigan Week" in Columbus... but I will be saying "Hooray Ohio!" on Saturday.   

Rich:  Thanks I confused Craig.

Gena: Sorry 

Craig: Sorry.  I made Safest  bold. Help?

Maybe SAFEST....

Who has seen the whole list?  I want to know where other markets are...Detroit, FL markets, MN, Chicago...Omaha Nebraska.... but I am too lazy to research it because Columbus, Cinci and Cleveland are SAFEST!

1:00pm • #18
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Stefan, Stefan, Stefan....It won't be safe in town for people with Michigan license plates, people wearing maize and blue this week... or unfortunately couches or dumpsters in the OSU area.   They are doing commercials to the general public this week as well as the students in an effort to keep things calm before, after and during the game.

I saw a list recently that had to do with safety... like personal safety and it did not rate Columbus as a safe place to be. I thought at first when I clicked on this that it was that list.

Jay:  Who knows what all the crazy lists mean to buyers....they are blog fodder.  A client and I were trying to dissect the market he's coming from, and our market yesterday... I hope the 10 Safest list inspires buyers to buy.  I hope the 10 riskiest list is ignored for the sake of the agents in those markets.

1:13pm • #19
193,680 Points 64 Featured Posts Outside Blog
St. Paul, and Mineapolis did not make any list this time.  Early in the year our metro area wason a list of the top 10 for a housing bubble.  We are not seeing it.
1:30pm • #20
120,846 Points 7 Featured Posts Outside Blog
Well I'm glad to see Indianapolis is one of the safe places to buy seeing is that's my market.  We do have over 20,000 houses on the market according to MIBOR right now. 
1:31pm • #21
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

For those markets not on the two lists... where you fall in relation to the two lists.          

Fall 2006 PMI U.S. Market Risk Index

     San Diego-Carlsbad-San Marcos, CA                       603
     Sacramento-Arden-Arcade-Roseville, CA                  601
     Oakland-Fremont-Hayward, CA                               600
     Santa Ana-Anaheim-Irvine, CA                               599
     Nassau-Suffolk, NY                                                598
     Riverside-San Bernardino-Ontario, CA                      596
     Boston-Quincy, MA                                                596
     Providence-New Bedford-Fall River, RI-MA                590
     Los Angeles-Long Beach-Glendale, CA                    590
     San Jose-Sunnyvale-Santa Clara, CA                      589
     San Francisco-San Mateo-Redwood City, CA             587
     Edison, NJ                                                            578
     Cambridge-Newton-Framingham, MA                       566
     New York-White Plains-Wayne, NY-NJ                      543
     Fort Lauderdale-Pompano Beach-Deerfield Beach, FL       541
     Las Vegas-Paradise, NV                                          540
     Washington-Arlington-Alexandria, DC-VA-MD-WV       540
     Newark-Union, NJ-PA                                              531
     Miami-Miami Beach-Kendall, FL                               471
     Baltimore-Towson, MD                                           432
     Virginia Beach-Norfolk-Newport News, VA-NC             413
     Tampa-St. Petersburg-Clearwater, FL                      404
     Minneapolis-St. Paul-Bloomington, MN-WI               393
     Detroit-Livonia-Dearborn, MI                                  379
     Phoenix-Mesa-Scottsdale, AZ                                 353
     Orlando-Kissimmee, FL                                          313
     Warren-Troy-Farmington Hills, MI                            234
     Atlanta-Sandy Springs-Marietta, GA                         201
     Denver-Aurora, CO                                                187
     Philadelphia, PA                                                    179
     New Orleans-Metairie-Kenner, LA                             167
     Portland-Vancouver-Beaverton, OR-WA                    158
     Seattle-Bellevue-Everett, WA                                  153
     Chicago-Naperville-Joliet, IL                                   147
     Milwaukee-Waukesha-West Allis, WI                       140
     St. Louis, MO-IL                                                   133
     Austin-Round Rock, TX                                         114
     Kansas City, MO-KS                                              109
     Charlotte-Gastonia-Concord, NC-SC                         98
     Dallas-Plano-Irving, TX                                          89
     Houston-Sugar Land-Baytown, TX                            88
     Nashville-Davidson-Murfreesboro, TN                       86
     San Antonio, TX                                                    78
     Fort Worth-Arlington, TX                                         76
     Columbus, OH                                                      74
     Cleveland-Elyria-Mentor, OH                                   74
     Cincinnati-Middletown, OH-KY-IN                             72
     Memphis, TN-MS-AR                                              68
     Indianapolis-Carmel, IN                                         63
     Pittsburgh, PA                                                       61

This came out back in September... hardly breaking news....

1:44pm • #22
3 Featured Posts
Interesting but very good to know!! Great Blog
2:12pm • #23
8 Featured Posts

Maureen,

No need for an apology.  We know it takes time for the horses to make their way to Columbus.

3:08pm • #24
NOV
13
2006
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Stefan, I consulted with some Michiganders about what  " No need for an apology.  We know it takes time for the horses to make their way to Columbus." means in the context of the comments but they seem perplexed as well.  They say it is not Mittenese. 

Where did you go to college and law school???

8:25am • #25
8 Featured Posts

Maureen,

Sorry for the confusion, you had stated that the PMI US Market Risk Index came out back in September, and that it was hardly breaking news.  Knowing that you Ohioans are a little bit behind the times, I just wanted you to know that there was no need for you to apologize.  We all understand how it takes a while for news to spread to the backwaters of Ohio.  I guess maybe I was exaggerating a bit . . . I assume you have moved from the pony express (horses) on to trains and telegraphby now. :-)

As for college and law school, I am Michigan all the way--MSU undergrad and Michigan Law.  Are you prepared for the big game?

 

 

 

9:14am • #26
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Oh...thanks sorry for being confused.

I think we probably have more up to date transportation here in Ohio than up in the boonies in Michigan.  

I have a blog entry in place on Active Rain for Beat Michigan Week but I want an Active Rainer who is really a Buckeye to step forward, as I am not a Buckeye...I woke up to Michigan jokes on the radio this A.M.  

9:22am • #27
258,724 Points 77 Featured Posts Localism Sponsor Outside Blog

I take umbrage at your assertion that you have more up to date transportation in Ohio.  Please.  Last I checked the Big 3 are not headquartered in Ohio...

Though you have a better blog for this, I must leave you an "M GO BLUE!" 

11:25pm • #28
NOV
14
2006
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog
The "Big 3" are headquartered in Detroit "not the boonies."   
3:25am • #29
NOV
18
2006

Wow I just found this blog...here is the question.

We live in Westerville, Ohio with a 20 yr old home, custom build, 3br 2.5 baths..2200? SQ ft first floor master. We are most likely moving to the intracoastal west area of Jacksonville, Florida. What is the market like comparing the two places?  

Dee
11:26am • #30
612,421 Points 59 Featured Posts Localism Sponsor Outside Blog

Dee,

I don't see the Jacksonville area on the list at all.  Are you interested in the value of homes in Jacksonville?  Or the relative risk / safety of the market?  I brought your comment to the attention of an Active Rain real estate blogger in Jacksonville.  Hopefully he will check in here with some info on the market there.

Do you want a market analysis of your home, call me 825-8842 or email me with the subdivision, style (two story with a first floor master?)    

2:37pm • #31
250,789 Points 3 Featured Posts Outside Blog

Hi Dee,

My name is Tim Fennell.  My wife, Susan, and I work in the Jacksonville market and would be happy to assist you with any questions you may have about the market which, while not nearly as strong as it was a year ago, is pretty steady now and appears to be turning around.

The Intracoastal West area has been and continues to be one of the better markets in the city.

You can visit us at www.besthomesinjacksonville.com.  All our contact info is on our website as well as "Live Chat" where you can chat with us anonymously when we are online if you'd like.

Let us know if we can help in any way whatsoever.

And, Maureen, thanks for letting us know about Dee and her question.  It's nice to be able to help one another across the miles. :)

Tim

3:30pm • #32
NOV
19
2006
NOV
25
2006
Nice blog Maureen, I just wanted to add a blog to complete the picture...Nation's Top Counties - Highest Growth Rates
1:34pm • #34

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Maureen McCabe Central OH Homes

Columbus, OH

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Real Living HER Worthington MaureenMcCabe.com

Address: 6902 N. High St. , Worthington , OH, 43085

Office Phone: (614) 825-8842

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A blog written by an agent with Real Living HER in Columbus Ohio.


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