June 29, 2006

Area Home Values Ripe for a Fall

©Sacramento Bee, 2006

After a searing five-year housing boom that vaulted Sacramento-area home values to unprecedented levels, the capital region has become one of the nation's leading at-risk markets for falling home values, according to a leading national mortgage insurer.

Home prices in El Dorado, Placer, Sacramento and Yolo counties have a 58.5 percent chance of declining during the next two years, said Walnut Creek-based PMI Mortgage Insurance Co. That's up from 41.8 percent at the same time last year, PMI reported.

Read the entire article here.

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