Seeing this graph inspired me to post again. It is the Private Mortgage Insurance (PMI) Risk Index for 2008-2009. This kind of puts the "lie" to the media's continued reporting of a "national" housing crises.
PMI basically insures risk. They understand risk. They forecast risk. If they miss it is very expensive for them. The link on the pic doesn't work, so here it is: www.pmigroup.com .
This chart shows the chance of decline in value in the next 2 years in the 50 major metropolitan statistical areas in the U.S. It is very easy to see where the "national" housing crises really exists. Essentially, what these guys are saying is that if you live in a blue area the chances are pretty low your home or investment property will lose value in the next two years. Our "national" housing crises is really a California, most of Arizona, parts of Nevada and south Florida crises.
The circled areas are markets that NorthPoint has identified as showing extremely strong long term growth indicators for jobs, population and appreciation. We have new construction, SFR & duplexes that cash flow positive on 5 year, Interest Only loan products. If anyone is interested or has a client interested, please contact me. We pay perpetual referral fee's.
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