House Price Risk
Diana Heeb Bivona
The map below was presented in the PMI Group’s Economic Real Estate Trends Report and depicts the geographic distribution of house price risk for all 50 U.S. states and the District of Columbia. The color codes rank order the 10 riskiest states in red (11 including the District of Columbia), followed by the next 10 riskiest states in tan, white, light blue, and aqua.
To put it in simple terms, the average risk score is 342. This means there is a 34.2 % chance of home price declining in the next two years. The New England region has a score of 525 or a 52.5% chance of home prices declining in the next two years.
Other regional numbers:
- Pacific 508
- Middle Atlantic 385
- South Atlantic 357
- Mountain 264
- West North Central 173
- East North Central 144
- East South Central 78
- West South Central 75
Popularity: 17%