Monday, April 13, 2009

Austin "low risk" for home price correction

From Austin Business Journal, April 1, 2009...

The Austin metropolitan area is not likely to see a major correction in home prices, according to PMI Mortgage Insurance Co.’s First Quarter 2009 Economic and Real Estate Trends Report.

When it comes to risk of a home price correction, Austin is the 17th most-stable among the nation's 50 largest cities, the report shows. However, all four of Texas' other major cities are among the top 10 most-stable on the list.

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